SOLDMultiFamily
Institutional Property Advisors Acquire 240-Unit Multifamily Property In Leander, TX
149 S Bagdad Rd, Leander, TX 78641
Building Size
—
Asset Type
MultiFamily
Closing
Jan 18, 2022
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.
Players
Leander MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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