Vision & Beyond Capital Investments Acquires Houston Multifamily For $73M
SOLD
$73,000,000
Texas
See Similar DealsMultiFamily
Sold 05/16/2022
SOLD
Vision & Beyond Capital Investments Acquires Houston Multifamily For $73M
1325 Greens Parkway, Houston, Texas 77067, United States
See Similar DealsMultiFamily
Sold 05/16/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
Vision & Beyond Capital Investments, represented by Stas Grinberg, has acquired a multifamily property portfolio in Houston. The portfolio consists of three properties located at 1325 Greens Pkwy, 2700 Westridge St, and 4211 Clay Hill Dr. The transaction took place on May 16, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $73,000,000
- Number of Units: 460
- Price Per Unit: $158,696
Stas Grinberg, on behalf of Vision & Beyond Capital Investments, led the acquisition of this multifamily portfolio. The properties are situated in Houston's market, offering potential for significant returns on investment. The transaction reflects the growing interest in multifamily properties in the area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,057.24
Annual Debt Service$4,152,686.91
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