Unknown LLC Acquires Property At 2101 Mustang Rd In Alvin With Buyer’s Reps Christian Mazzini And Jeffrey Fript
2101 Mustang Rd, Alvin, TX, 77511
Units
125
Asset Type
MultiFamily
Closing
Oct 3, 2019
AI
The sale involved Oaks at Mustang, a 125-unit multifamily asset located at 2101 Mustang Rd, Alvin, TX, 77511, in the Alvin market. The size of the property is not specified, and the price of the transaction has not been disclosed.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not Disclosed
- Address: 2101 Mustang Rd, Alvin, TX, 77511
- Market: Alvin
- Buyer: Unknown LLC
- Buyer's Representatives: Christian Mazzini, Jeffrey Fript (Marcus & Millichap)
Marcus & Millichap facilitated the transaction, with Jeffrey Fript and Christian Mazzini representing the buyer in this off-market sale, emphasizing their roles in securing the deal for the limited liability company.
Players
Alvin 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