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2101 Mustang Rd, Alvin, TX,...

Unknown LLC Acquires Property At 2101 Mustang Rd In Alvin With Buyer’s Reps Christian Mazzini And Jeffrey Fript
SOLDMultiFamily

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:

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

Christian Mazzini

Marcus & Millichap

Broker

3 deals

Broker
UL
Unknown LLCBuyer

Alvin 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