Alfred Pangilinan & Troy Huerta Acquire MultiFamily Property In Longview
1224 S High St Longview, TX 75602, USA
Building Size
29,199 SF
Asset Type
MultiFamily
Closing
Jul 28, 2023
AI
A multi-family property located at 1224 South High Street in Longview has been sold. The property consists of 38 units and spans over 29,199 square feet.
Summary of Transaction Details
- Property Type: MultiFamily
- Transaction Amount: Not provided
- Units: 38
- Square Footage: 29,199
- Address: 1224 South High Street
- Market: Longview
The buyers of the property are Alfred Pangilinan and Troy Huerta. The sellers are Bryan Ayres from Solid Door Investments. Hayden Harder and Scott Henderson from SVN represented the seller as their representatives in the transaction.
Players
Texas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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