Updated Dec 4, 2024
Marcus & Millichap Sells 130-Unit Multifamily Properties In Dallas
2015 North Garrett Avenue & 2315 Moser Avenue
Units
130
Asset Type
MultiFamily
Closing
Jan 18, 2024
About this deal
AI
Marcus & Millichap has sold Garrett Gardens and Moser Gardens in a closed transaction in Dallas. The properties, totaling 130 units, were marketed by Al Silva and Ford Braly. The new owner plans to renovate the properties located in the East Henderson/Lower Greenville submarket.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 130
- Address: 2015 North Garrett Avenue & 2315 Moser Avenue
- Market: Dallas
Al Silva and Ford Braly from Marcus & Millichap represented the sellers and buyers in this transaction, facilitating the successful sale of Garrett Gardens and Moser Gardens.
On the Map
MultiFamily
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Dallas 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