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1218 Jackson Boulevard

Michael Rosen & Bradley Couch Of RC Investment Properties Acquire Multifamily Asset In Houston
SOLDMultiFamily

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

Tom Wilkinson

KET Enterprises

Broker

3 deals

Broker
KET Enterprises
KET EnterprisesBrokerage
Michael Rosen

Michael Rosen

RC Investment Properties

Buyer

7 deals

Buyer
RC Investment Properties
RC Investment PropertiesBuyer

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