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1201 E Old Settlers Blvd

The Medve Group Acquires 144-unit Multifamily Property In Round Rock, TX From Langdon Street Capital - Marcus & Millichap
SOLDMultiFamily

The Medve Group Acquires 144-unit Multifamily Property In Round Rock, TX From Langdon Street Capital - Marcus & Millichap

1201 E Old Settlers Blvd

Building Size

Asset Type

MultiFamily

Closing

Nov 7, 2022

AI

The multifamily property located at 1201 E Old Settlers Blvd in Round Rock, TX has been sold. The transaction took place on 11/07/2022. The property consists of 144 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 1201 E Old Settlers Blvd, Round Rock, TX
  • Market: Round Rock, TX
  • Units: 144

The buyer of the property is The Medve Group, while the seller is Langdon Street Capital. The deal was facilitated by Jordan Featherston, Kent Myers, and Will Balthrope of Institutional Property Advisors (IPA) - Marcus & Millichap.

Players

Jordan Featherston

Institutional Property Advisors

Broker

$350M

vol

11 deals

Broker
LC
Langdon Street CapitalSeller

Round Rock 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