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2101 Hayes Rd, Houston, TX,...

Casoro Group Sells The Quinn South At Westchase Multifamily In Houston
SOLDMultiFamily

Casoro Group Sells The Quinn South At Westchase Multifamily In Houston

2101 Hayes Rd, Houston, TX, 77077

Building Size

Asset Type

MultiFamily

Closing

Nov 22, 2023

AI

The Quinn South at Westchase is a 368-unit apartment community located at 2101 Hayes Rd, Houston, TX, 77077. The property features studio, one-, two- and three-bedroom units with various modern amenities such as stainless steel appliances, granite countertops, individual washers and dryers, and private patios/balconies. Communal facilities include multiple pools, a tennis court, a dog park, a fitness center, a clubhouse, and onsite laundry facilities. Casoro Group acquired the property in 2018 and made enhancements to the unit interiors, building exteriors, and amenity spaces.

Summary of transaction details:

Scott LaMontagne and Justin Chambers from NorthMarq were the brokers who facilitated the sale of The Quinn South at Westchase. The buyer involved in the transaction has not been disclosed by Austin-based investment firm Casoro Group.

Players

Scott LaMontagne

NorthMarq

Broker

6 deals

Broker

Houston 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