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1230 East Cityline Drive, R...

Bell Partners Acquires Multifamily Property In Richardson
SOLDMultiFamily

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.

Players

G
GroupSeller

Richardson 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