Updated Oct 28, 2024
Archway Equities Acquires 192-Unit Multifamily In Carrolton From HLC Equity
17910 Kelly Boulevard, Dallas, Texas 75287, United States
Units
192
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
An apartment complex located at 17910 Kelly Blvd in Carrolton has been sold. The multifamily property consists of 192 units, making it a significant investment opportunity in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 17910 Kelly Blvd
- Market: Carrolton
- Units: 192
The buyer of the property is Archway Equities, represented by Jeffrey Moghavem. On the other hand, HLC Equity, represented by Daniel Farber, acted as the seller in this transaction. The deal was facilitated by brokers David Austin and Rob Key from JLL.
On the Map
MultiFamily
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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