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
El Paso 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