SOLDMultiFamily
Hertz Investment Group Acquires Austin Multifamily Portfolio With Zev Hertz & James M. Ingram
West Rundberg Lane & Mearns Meadow Boulevard, Austin, TX, USA
Building Size
422 SF
Asset Type
MultiFamily
Closing
Jun 29, 2020
AI
The recent sale in Austin involved a multifamily property consisting of 422 units. The property is located at 1200 Mearns Meadow, 1804 Rundberg Lane, and 1735 Rutland Drive. The transaction took place on June 29, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 422
The buyers of the property are Zev Hertz and James M. Ingram, representing Hertz Investment Group.
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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