SOLDMultiFamily
Northmarq Brokers Facilitate The Sale Of A Corpus Christi Multifamily With 336 Units At 1641 Nile Drive
1641 Nile Drive, Corpus Christi, Texas 78412, United States
Building Size
—
Asset Type
MultiFamily
Closing
Sep 1, 2022
AI
The 336-unit multifamily property located at 1641 Nile Drive in Corpus Christi has been sold. The transaction took place on September 2, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1641 Nile Drive
- Market: Corpus Christi
- Number of Units: 336
The sale was facilitated by Moses Siller, Bryan Mummaw, Brandon Harrington, Bryan Liu & Tyler Woodard from Northmarq. They represented the parties involved in the transaction.
Players
Corpus Christi 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