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1225 East Pleasant Run Road

Anthony Westreich & Timothy Helmig Of Monday Properties And Ben Gray Of RSN Property Group Acquire 226-Unit Multifamily In DeSoto
SOLDMultiFamily

Anthony Westreich & Timothy Helmig Of Monday Properties And Ben Gray Of RSN Property Group Acquire 226-Unit Multifamily In DeSoto

1225 East Pleasant Run Road

Building Size

Asset Type

MultiFamily

Closing

Apr 9, 2025

AI

The property asset involved in the transaction is a multifamily apartment complex known as Eagle Creek Landing, which consists of 226 units located at 1225 East Pleasant Run Road in DeSoto, Texas. This acquisition marks a strategic addition to the portfolio of Monday Properties and RSN Property Group, focusing on a market known for its robust demand due to proximity to the International Inland Port of Dallas and distribution hubs.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Address: 1225 East Pleasant Run Road
  • Market: DeSoto
  • Units: 226
  • Buyer: Anthony Westreich & Timothy Helmig - Monday Properties ; Ben Gray - RSN Property Group

Anthony Westreich and Timothy Helmig, representing Monday Properties, along with Ben Gray of RSN Property Group, have executed this acquisition, which signifies their entry into the Dallas-area market. The firm has indicated plans for interior renovations to enhance the property value and meet local demand.

Players

Timothy Helmig

Monday Properties

Buyer

1 deal

Buyer
Monday Properties
Monday PropertiesBuyer

Desoto 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