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151 South Resler Drive, El ...

Jack Stone Acquires Multifamily Property With 196 Units In El Paso
SOLDMultiFamily

Jack Stone Acquires Multifamily Property With 196 Units In El Paso

151 South Resler Drive, El Paso, Texas 79912, United States

Building Size

Asset Type

MultiFamily

Closing

Jun 5, 2022

AI

Greysteel brokered the sale of a multifamily property located at 151 S. Resler Drive in El Paso. The transaction, which took place on 06/06/2022, involved a total of 196 units. The property is situated in a desirable market, offering great potential for investors.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 151 S. Resler Drive
  • Market: El Paso
  • Units: 196

Jack Stone from Greysteel served as the broker in this transaction. With their expertise in the market, they successfully represented the parties involved in the deal. The involvement of a reliable and experienced broker like Jack Stone adds value to the transaction.

Players

Jack Stone

Greysteel

Broker

10 deals

Broker

El Paso 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