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2118 Edgehill Drive

Partners Real Estate Closes Sale Of 20-Unit Multifamily In San Antonio
SOLDMultiFamily

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

Steve Garza

Partners Real Estate

Broker

2 deals

Broker

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