Partners Real Estate Closes Sale Of 20-Unit Multifamily In San Antonio
2118 Edgehill Drive
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2024
AI
The Riviera Apartments, a 20-unit multifamily property located at 2118 Edgehill Drive in San Antonio's Oak Park/Northwood neighborhood, were recently sold. Partners Real Estate facilitated the transaction, with the buyer being SP 2118 Edgehill LLC. The buyer was represented by Justin Ventura and Steve Garza, Partners Real Estate, and the seller was represented by Diego Guevara from Core Commercial.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 20
- Address: 2118 Edgehill Drive
- Market: San Antonio
Justin Ventura and Steve Garza, as Partners Real Estate representatives, facilitated the sale of Riviera Apartments. Diego Guevara, from Core Commercial, acted as the seller's representative. The specific transaction amount was not disclosed in the deal.
Players
San Antonio 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