Colony Hills Capital Acquires Multifamily Property In Humble For $61.38M
200 Kellington Dr N, Kingwood, TX 77339
$61,380,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 6, 2022
AI
The multifamily property located at 200 Kellington Drive North in Humble has been sold for a total of $61,380,000. The transaction took place on 03/07/2022 and involved the sale of 372 units. The purchase price per unit in this sale was $165,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $61,380,000
- Address: 200 Kellington Drive North
- Market: Humble
Colony Hills Capital acquired the property from The Lynd Group, represented by David Lynd & Constantine Scurtis.
Players
Kingwood 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93