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1929 E Grauwyler Rd, Irving...

Reap Capital Acquires Multifamily Property In Irving With Buyer's Rep Daniel Alexander & Yusef Alexander
SOLDMultiFamily

Reap Capital Acquires Multifamily Property In Irving With Buyer's Rep Daniel Alexander & Yusef Alexander

1929 E Grauwyler Rd, Irving, TX, USA

Building Size

Asset Type

MultiFamily

Closing

Jun 4, 2020

AI

The multifamily property located at 1929 E Grauwyler Rd in Irving has been sold in a recent transaction. The property consists of 136 units and was sold by Lane Star Properties to Reap Capital, represented by Daniel Alexander and Yusef Alexander. The sale was facilitated by brokers Chris Deuillet, William Hubbard, William Givens, and Robert Siddall from CBRE.

Summary of transation details

The individuals involved in the transaction include William Hubbard, Robert Siddall, Chris Deuillet, Daniel Alexander, Yusef Alexander, and William Givens. These key individuals played a crucial role in ensuring the successful completion of the deal. The property's location in Irving adds to its appeal in the market, making it an attractive investment opportunity.

Players

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker
RC
Reap CapitalBuyer
P
PropertiesSeller

Irving 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