Updated Oct 28, 2024
Colony Hills Capital Acquires Multifamily Property In Humble For $61.38M
200 Kellington Dr N, Kingwood, TX 77339
$61,380,000
Units
371
Asset Type
MultiFamily
Closing
Mar 6, 2022
About this deal
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.
The multifamily sale at 200 Kellington Dr N, Kingwood, TX 77339 in Kingwood, Texas sold for $61.4M in 2022. Reported inventory is 371 units across 371 units. Named participants on the 200 Kellington Dr N, Kingwood, TX 77339 sale are David Lynd, Constantine Scurtis. This page is the Kingwood, Texas file for the 200 Kellington Dr N, Kingwood, TX 77339 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Kingwood sit in the Market section below. Filter that Kingwood multifamily set by closing date to see what else sold near 200 Kellington Dr N, Kingwood, TX 77339 around 2022. Published consideration for 200 Kellington Dr N, Kingwood, TX 77339 is $61.4M, dated 2022. Cite this Colony Hills Capital Acquires Multifamily Property In Humble For $61.38M sale when underwriting similar multifamily product around Kingwood, Texas.
Players
Kingwood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Lynd to view all their deals.
Browse Texas multifamily sales on Traded.
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