Updated Dec 20, 2023
TruAmerica Multifamily Acquires 230-Unit Multifamily Property In Austin
2302 East William Cannon Drive, Austin, Texas 78744, United States
Units
230
Asset Type
MultiFamily
Closing
May 9, 2022
About this deal
AI
Ammanuel Metta has sold a multifamily property located at 2302 E. William Cannon Dr in Austin. The property consists of 230 units and was sold on 05/10/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2302 E. William Cannon Dr, Austin
- Market: Austin
- Units: 230
The buyer of this property is TruAmerica Multifamily, represented by Ammanuel Metta.
Traded’s record for 2302 East William Cannon Drive, Austin, Texas 78744, United States in Austin, Texas covers a multifamily sale from 2022. Reported inventory is 230 units across 230 units. This page is the Austin, Texas file for the 2302 East William Cannon Drive, Austin, Texas 78744, 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 2302 East William Cannon Drive, Austin, Texas 78744, United States around 2022. Cite this TruAmerica Multifamily Acquires 230-Unit Multifamily Property In Austin sale when underwriting similar multifamily product around Austin, Texas.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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