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
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.
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