Bell Partners Acquires Multifamily Property In Richardson
1230 East Cityline Drive, Richardson, TX 75082
Building Size
2,138 SF
Asset Type
MultiFamily
Closing
Aug 2, 2020
AI
The multifamily property located at 1230 CityLine Drive in Richardson was recently sold in a transaction. The property consists of 435 units and is situated in a desirable location. The sale of this property was facilitated by Zale Corson Group, who acted as the seller, and the buyer was Bell Partners, represented by Nickolay Bochilo.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1230 CityLine Drive
- Market: Richardson
- Units: 435
The Zale Corson Group, acting as the seller, successfully completed the sale of the multifamily property. Bell Partners, represented by Nickolay Bochilo, was the buyer in this transaction. This deal highlights the active real estate market in Richardson and the strong demand for multifamily properties in the area.
Richardson 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