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
Austin 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