Updated Nov 23, 2023
Embrey Sells Multifamily Property In Austin To Jimmy McCloskey
14115 N Highway 183, Austin, Texas 78717, United States
Units
304
Asset Type
MultiFamily
Closing
Dec 22, 2022
About this deal
AI
A multifamily property located at 14115 N Highway 183 in Austin has been sold in a recent transaction. The property consists of 304 units and was sold by Embrey. The sales transaction was facilitated by Jimmy McCloskey.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Date: 12/22/2022
- Address: 14115 N Highway 183, Austin
- Market: Austin
- Units: 304
- Seller: Embrey
- Seller's Representative: Jimmy McCloskey
This transaction provides an opportunity for investment in the dynamic Austin real estate market. The involvement of Embrey and the representation by Jimmy McCloskey underline the significance of this deal in the industry.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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