Updated Dec 21, 2023
Thompson Realty Capital And Trez Capital Sell 194-Unit Multifamily Property In DeSoto
120 S Westmoreland Rd, DeSoto, TX, USA
Building Size
1,212 SF
Asset Type
MultiFamily
Closing
Aug 12, 2021
About this deal
AI
The multifamily property located at 120 S Westmoreland Rd in DeSoto has been sold. The transaction took place on August 13, 2021. The property, known as Morley Greene, sits on a 10.4-acre lot and consists of 194 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 120 S Westmoreland Rd
- Market: DeSoto
- Units: 194
- Acres: 10.4
The sale of Morley Greene was facilitated by two real estate companies. Thompson Realty Capital represented by Tom Field and Trez Capital represented by Morley Greene were the sellers involved in this transaction.
Players
Desoto MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93