Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for West Rundberg Lane & Mearns Meadow Boulevard, Austin, TX, USA in Austin, Texas covers a multifamily sale from 2020. The building is 422 square feet, implying about 0 per square foot on the published price. Named participants on the West Rundberg Lane & Mearns Meadow Boulevard, Austin, TX, USA sale are Zev Hertz. This page is the Austin, Texas file for the West Rundberg Lane & Mearns Meadow Boulevard, Austin, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near West Rundberg Lane & Mearns Meadow Boulevard, Austin, TX, USA around 2020. Cite this Hertz Investment Group Acquires Austin Multifamily Portfolio With Zev Hertz & James M. Ingram sale when underwriting similar multifamily product around Austin, Texas.
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