Marcus & Millichap Sells The Willows 84-Unit Multifamily Property In Ennis Texas
2300 Yorkstown Drive
Building Size
—
Asset Type
MultiFamily
Closing
Jan 15, 2026
AI
The Willows is an 84-unit multifamily property located at 2300 Yorkstown Drive in Ennis, Texas. The transaction closed successfully, and the property attracted multiple strong offers before finalizing with the first buyer in escrow.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Units: 84
- Market: Ennis
Matt Aslan, Bard Hoover, and Nick Fluellen from Marcus & Millichap were instrumental in the transaction, facilitating a 1031 exchange for the buyer by presenting alternative secondary market opportunities amidst stabilized market conditions and appealing risk-adjusted returns.
Players
Ennis 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