Michael Rosen & Bradley Couch Of RC Investment Properties Acquire Multifamily Asset In Houston
1218 Jackson Boulevard
Building Size
16,000 SF
Asset Type
MultiFamily
Closing
May 22, 2025
AI
The property asset involved in this transaction is a multifamily apartment building located at 1218 Jackson Boulevard in the Houston market. The building consists of 26 units and has a total square footage of 16,000, facilitating residential tenancy within the community.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1218 Jackson Boulevard
- Market: Houston
- Square Footage: 16,000
- Units: 26
- Buyer: Michael Rosen & Bradley Couch - RC Investment Properties
- Seller: H. Dan Miller - Jackson Complex
- Brokers: Tom Wilkinson - KET Enterprises
RC Investment Properties, represented by Michael Rosen and Bradley Couch, has acquired another apartment building in Houston's Montrose neighborhood, expanding their portfolio in the multifamily sector. The seller of the property is H. Dan Miller, associated with Jackson Complex, with the transaction facilitated by broker Tom Wilkinson of KET Enterprises.
Players
Houston 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