Updated Oct 28, 2024
2232 Bellefontaine Realty LLC Acquires 12-Unit Multifamily Property In Houston
2232 Bellefontaine Street, Houston, Texas 77030, United States
Building Size
11,363 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
About this deal
AI
An apartment building located at 2232 Bellefontaine St in Houston has been sold in a recent transaction. The multifamily property consists of 12 units and spans a total area of 11,363 square feet. The sale took place on February 16, 2022.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Number of Units: 12
- Total Square Footage: 11,363
The buyer of the property is 2232 Bellefontaine Realty LLC. They were represented in the transaction by Purva Shah from Realm Real Estate Professional. On the other hand, PPCG Bellefontaine Realty served as the seller, with Douglas Moore from NAI Partners acting as their representative.
Players
Houston 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