Marcus & Millichap Facilitates Sale Of 231-Unit Multifamily Portfolio In Texarkana
23 Ella Lane, 554 Walker Lane, 336 North Pecan Street, 3 Lynnwood Drive & 523 Redwater Road
Building Size
—
Asset Type
MultiFamily
Closing
Aug 6, 2024
AI
A five-property, 231-unit multifamily portfolio was sold in Texarkana, Texas. The properties included 23 Bella, 554 Co Rd 1326, 336 North Pecan Street, 3 Lynnwood Drive, and 523 Redwater Road, taking part in the multifamily market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 231
- Market: Nash & Texarkana
- Broker: Matt Aslan - Marcus & Millichap
Matt Aslan, representing Marcus & Millichap, successfully facilitated the closing of the transaction with the first buyer in escrow. The seller acknowledged the professionalism and marketing expertise offered by the brokerage throughout the process.
Players
Bullard MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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