Busboom Group & Archwood Real Estate Acquire Multifamily Property In Fort Worth With Institutional Property Advisors
SOLD
+ 3
Texas
See Similar DealsMultiFamily
Sold 01/26/2022
SOLD
Busboom Group & Archwood Real Estate Acquire Multifamily Property In Fort Worth With Institutional Property Advisors
1424 Summit Ave, Fort Worth, Texas 76102, United States
See Similar DealsMultiFamily
Sold 01/26/2022
+ 3
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1424 Summit Ave in Fort Worth has been sold in a recent transaction. The property consists of 372 units and was part of a closed sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 01/26/2022
- Address: 1424 Summit Ave
- Market: Fort Worth
- Units: 372
The buyers in this transaction were Busboom Group and Archwood Real Estate, while the sellers were Trammell Crow Residential and Phoenix Capital Management LLC. The deal was facilitated by the brokers Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Jeffrey Kindorf, and Will Balthrope from Institutional Property Advisors (IPA) - Marcus & Millichap.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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