Updated Oct 29, 2024
MLG Capital Acquires Multifamily Property In Spring, Houston
23153 Springwoods Village Pkwy, Spring, TX 77373, USA
Building Size
764 SF
Asset Type
MultiFamily
Closing
May 19, 1920
About this deal
AI
The multifamily property located at 23153 Springwoods Village Parkway in Houston, Spring has been sold in a recent transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 23153 Springwoods Village Parkway, Houston
- Market: Spring
The buyer of the property was MLG Capital, represented by Timothy J. Wallen. The brokerage firm Berkadia facilitated the transaction, with Ryan Epstein, Jennifer Ray, John Koeijmans, and Austin Blankenship serving as the brokers.
Traded’s record for 23153 Springwoods Village Pkwy, Spring, TX 77373, USA in Spring, Texas covers a multifamily sale. The building is 764 square feet, implying about 0 per square foot on the published price. John Koeijmans, Timothy J. Wallen, Berkadia, Walker & Dunlop appear on the sale alongside Berkadia, Walker & Dunlop. This page is the Spring, Texas file for the 23153 Springwoods Village Pkwy, Spring, TX 77373, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Spring sit in the Market section below. Cite this MLG Capital Acquires Multifamily Property In Spring, Houston sale when underwriting similar multifamily product around Spring, Texas.
Players
Spring 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