Updated Dec 21, 2023
Institutional Property Advisors Acquire 240-Unit Multifamily Property In Leander, TX
149 S Bagdad Rd, Leander, TX 78641
Units
240
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
An institutional property located at 149 S Bagdad Street in Leander, TX has been sold in a recent transaction. The multifamily asset consists of 240 units.
Summary of Transation Details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Leander, TX
- Units: 240
The sale of this property was facilitated by Will Balthrope, Kent Myers, and Jordan Featherston of Institutional Property Advisors (IPA) - Marcus & Millichap.
Traded’s record for 149 S Bagdad Rd, Leander, TX 78641 in Leander, Texas covers a multifamily sale from 2022. Reported inventory is 240 units across 240 units. Will Balthrope, Jordan Featherston, Institutional Property Advisors, Marcus & Millichap appear on the sale alongside Institutional Property Advisors, Marcus & Millichap. This page is the Leander, Texas file for the 149 S Bagdad Rd, Leander, TX 78641 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Leander sit in the Market section below. Filter that Leander multifamily set by closing date to see what else sold near 149 S Bagdad Rd, Leander, TX 78641 around 2022. Cite this Institutional Property Advisors Acquire 240-Unit Multifamily Property In Leander, TX sale when underwriting similar multifamily product around Leander, Texas.
Players
Leander 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