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:
- Property Type: MultiFamily
- Transaction Amount: Not Disclosed
- Market: Houston
- Seller's Rep: Scott LaMontagne (NorthMarq)
- Buyer: Undisclosed
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
Houston 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93