Updated Oct 29, 2024
CDC Houston Acquires Multifamily Property In North Houston From Martin Fein Interests
1600 Springwoods Plaza Drive, Spring, TX, USA
Building Size
1,599 SF
Asset Type
MultiFamily
Closing
Apr 5, 2021
About this deal
AI
The multifamily property located at 1600 Springwoods Plaza Dr in North Houston has been sold in a recent transaction. The property spans across 3.75 acres and consists of 268 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1600 Springwoods Plaza Dr
- Market: North Houston
- Units: 268
- Acres: 3.75
The seller of this property is Martin Fein Interests, represented by Martin Fein and Timm Wooten. On the other hand, the buyer is CDC Houston, with Warren Wilson as their representative in the deal.
On the Map
MultiFamily
View full map
Players
Spring MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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