Updated Oct 28, 2024
Westmount Realty Capital Acquires Multifamily Property In Houston From Duck Pond Realty
2255 Eldridge Parkway, Houston, TX, USA
Building Size
1,148 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
The multifamily property located at 2255 Eldridge Parkway in Houston has been sold. The transaction, which took place on August 17, 2021, involved the sale of a property with 192 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2255 Eldridge Parkway
- Market: Houston
- Units: 192
The seller of the property was Duck Pond Realty, while the buyer was Westmount Realty Capital represented by Brant Brown.
Traded’s record for 2255 Eldridge Parkway, Houston, TX, USA in Houston, Texas covers a multifamily sale from 2021. The building is 1,148 square feet, implying about 0 per square foot on the published price. This page is the Houston, Texas file for the 2255 Eldridge Parkway, Houston, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 2255 Eldridge Parkway, Houston, TX, USA around 2021. Cite this Westmount Realty Capital Acquires Multifamily Property In Houston From Duck Pond Realty sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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