SOLDMultiFamily
Benjamin Kalter & Drew Garza Of Institutional Property Advisors Represents Sale Of Kerrville Multifamily Asset
1814 Broadway
Building Size
16,000 SF
Asset Type
MultiFamily
Closing
Mar 31, 2025
AI
The property involved in this transaction is located at 1814 Broadway in Kerrville, featuring 17 multifamily units with a total square footage of 16,000. The date of the transaction was March 31, 2025.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 1814 Broadway
- Market: Kerrville
- Units: 17
- Square Footage: 16,000
The deal was represented by Benjamin Kalter and Drew Garza from Institutional Property Advisors, a division of Marcus & Millichap.
Players
Kerrville 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