Updated Dec 21, 2023
MLG Capital Acquires 328-Unit Multifamily Property In Conroe, Texas With Timothy Wallen As Buyer's Rep
17116 Harper's Trace, Conroe, TX, USA
Building Size
1,072 SF
Asset Type
MultiFamily
Closing
Feb 17, 2021
About this deal
AI
The multifamily property located at 17116 Harper's Trace in Conroe has recently been sold. The transaction took place on 02/18/2021, and the property consists of 328 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer responsible for acquiring the property is MLG Capital, represented by Timothy Wallen.
Traded’s record for 17116 Harper's Trace, Conroe, TX, USA in Conroe, Texas covers a multifamily sale from 2021. Reported inventory is 1,072 square feet across 328 units, or about 0 per square foot. This page is the Conroe, Texas file for the 17116 Harper's Trace, Conroe, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Conroe sit in the Market section below. Filter that Conroe multifamily set by closing date to see what else sold near 17116 Harper's Trace, Conroe, TX, USA around 2021. Cite this MLG Capital Acquires 328-Unit Multifamily Property In Conroe, Texas With Timothy Wallen As Buyer's Rep sale when underwriting similar multifamily product around Conroe, Texas.
Players
Conroe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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