Jack Stone Acquires Multifamily Property With 196 Units In El Paso
151 South Resler Drive, El Paso, Texas 79912, United States
Units
196
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
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