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2301 Grove Boulevard, Austi...

Square House Capital Acquires 156-Unit Multifamily Property In Austin From Hilltop Residential
SOLDMultiFamily

Square House Capital Acquires 156-Unit Multifamily Property In Austin From Hilltop Residential

2301 Grove Boulevard, Austin, Texas 78741, United States

Building Size

Asset Type

MultiFamily

Closing

Feb 12, 2022

AI

The multifamily property located at 2301 Grove Blvd in Austin was recently sold in a transaction. The property consists of 156 units and is situated in the Austin market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 2301 Grove Blvd
  • Market: Austin
  • Units: 156

Square House Capital acquired the property from Hilltop Residential. The deal was facilitated by the brokers Patton Jones and Andrew Dickson from Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
HR
Hilltop ResidentialSeller

Austin 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