Updated Oct 29, 2024
Square House Capital Acquires 156-Unit Multifamily Property In Austin From Hilltop Residential
2301 Grove Boulevard, Austin, Texas 78741, United States
Units
156
Asset Type
MultiFamily
Closing
Feb 12, 2022
About this deal
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.
Traded’s record for 2301 Grove Boulevard, Austin, Texas 78741, United States in Austin, Texas covers a multifamily sale from 2022. Reported inventory is 156 units across 156 units. Andrew Dickson, Patton Jones, Newmark appear on the sale alongside Newmark. This page is the Austin, Texas file for the 2301 Grove Boulevard, Austin, Texas 78741, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near 2301 Grove Boulevard, Austin, Texas 78741, United States around 2022. Cite this Square House Capital Acquires 156-Unit Multifamily Property In Austin From Hilltop Residential sale when underwriting similar multifamily product around Austin, Texas.
Players
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