Updated Dec 22, 2023
Colliers Houston Facilitates Sale Of Multifamily Property In Houston
214 Avondale Street, Houston, TX 77006
Building Size
35,629 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
About this deal
AI
Located at 214 Avondale Street in Houston, this multifamily property has recently been sold. The sale, facilitated by Colliers Houston, took place on October 18, 2021. The property consists of 50 units with a total square footage of 35,629, making it an attractive investment in the Houston market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Address: 214 Avondale Street
- Units: 50
- Square Footage: 35,629
Colliers Houston played a pivotal role in brokering this deal, representing the parties involved in the transaction. With their expertise in the Houston market, they helped facilitate a successful sale.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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