Updated Dec 18, 2023
Praedium Group Acquires Multifamily Property In Katy With Buyer's Rep Russell Appel
23615 Western Centre Dr, Katy, TX, USA
Building Size
1,164 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
23615 Western Centre Dr, a multifamily property located in Katy, was recently sold. The transaction took place on October 13, 2021, with 330 units involved in the deal. The property is situated in a market known as Katy.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 23615 Western Centre Dr
- Market: Katy
- Units: 330
The buyer of the property is Praedium Group, represented by Russell Appel.
Traded’s record for 23615 Western Centre Dr, Katy, TX, USA in Houston, Texas covers a multifamily sale from 2021. Reported inventory is 1,164 square feet across 330 units, or about 0 per square foot. This page is the Houston, Texas file for the 23615 Western Centre Dr, Katy, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 23615 Western Centre Dr, Katy, TX, USA around 2021. Cite this Praedium Group Acquires Multifamily Property In Katy With Buyer's Rep Russell Appel sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston 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