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1900 South Green Street

Yonnic Land Facilitates Sale Of 63-Unit Complex In Longview For Multifamily Group
SOLDMultiFamily

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

Yonnic Land

The Multifamily Group

Broker

7 deals

Broker

Longview 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