Updated Dec 20, 2023
MC Companies Acquires 648-Unit Multifamily Property In Houston
1822 Barker Cypress Rd, Houston, TX 77084, USA
Units
648
Asset Type
MultiFamily
Closing
Jul 8, 2020
About this deal
AI
The recently closed property transaction in Houston involved a 648-unit multifamily asset located at 1822 Barker Cypress Rd & 1800 Barker Cypress Rd. The transaction took place on 07/08/2021, with MC Companies - Ken McElroy emerging as the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 648
In this notable transaction, MC Companies, represented by Ken McElroy, acquired the multifamily property located at 1822 Barker Cypress Rd & 1800 Barker Cypress Rd in Houston.
Traded’s record for 1822 Barker Cypress Rd, Houston, TX 77084, USA in Houston, Texas covers a multifamily sale from 2020. Reported inventory is 648 units across 648 units. This page is the Houston, Texas file for the 1822 Barker Cypress Rd, Houston, TX 77084, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 1822 Barker Cypress Rd, Houston, TX 77084, USA around 2020. Cite this MC Companies Acquires 648-Unit Multifamily Property In Houston sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston 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