Yonnic Land Facilitates Sale Of 63-Unit Complex In Longview For Multifamily Group
1900 South Green Street
Building Size
—
Asset Type
MultiFamily
Closing
Apr 8, 2024
AI
The Courtyard Apartments, a 63-unit complex in Longview, located at 1900 South Green Street, was recently sold in a transaction facilitated by The Multifamily Group (TMG). The sale, represented by Yonnic Land of TMG, involved an anonymous seller and buyer, with the property situated approximately 120 miles east of Dallas.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Longview
- Broker: Yonnic Land - The Multifamily Group
Yonnic Land of The Multifamily Group played a crucial role in representing both the seller and buyer in the transaction of the Courtyard Apartments. The city of Longview, known for its proximity to Dallas, witnessed the successful sale of this 63-unit multifamily property through the efforts of TMG.
Players
Longview MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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