American Landmark Apartments Acquires 300-Unit Multifamily Property On East Northside Drive, Fort Worth
1852 E Northside Dr, Fort Worth, TX 76102, Estados Unidos
Building Size
1,606 SF
Asset Type
MultiFamily
Closing
Nov 1, 2020
AI
A multifamily property located at 1852 E. Northside Drive in Fort Worth has been sold. The transaction was closed on November 2, 2020. The property consists of 300 units and was acquired by American Landmark Apartments, represented by Christine DeFilippis.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1852 E. Northside Drive
- Market: Fort Worth
- Units: 300
- Buyer: American Landmark Apartments – Christine DeFilippis
Christine DeFilippis, representing American Landmark Apartments, played a crucial role in the successful acquisition of the multifamily property located at 1852 E. Northside Drive in Fort Worth. The deal was finalized on November 2, 2020.
Fort Worth 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