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
Units
336
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
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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