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14340 Wallisville Road

Heritage Investments Acquires 84-Unit Multifamily Community From JJRS Investments Group In Houston
SOLDMultiFamily

Heritage Investments Acquires 84-Unit Multifamily Community From JJRS Investments Group In Houston

14340 Wallisville Road

Building Size

Asset Type

MultiFamily

Closing

Apr 3, 2026

AI

The property asset involved in this transaction is an 84-unit multifamily community located at 14340 Wallisville Road in Houston. This garden-style multifamily community, constructed in 2018, is designed to offer strong cash flow and possibilities for asset management improvements, capitalizing on limited local supply and its proximity to key local facilities.

Summary of transaction details:

This transaction was facilitated by multiple brokers from Berkadia, which played a significant role in arranging financing through Cutt Ableson and Carl Rasmussen. The property was sold as part of a strategic transaction, where Heritage Investments acquired the asset from JJRS Investments Group, showcasing the collaborative efforts of the involved parties to secure favorable terms for both the buyer and the seller.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
HI
Heritage InvestmentsBuyer

Houston 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