Multifamily Asset At 2401 Welsh Avenue Sold In College Station Represented By Justin Whitworth & Steve Monroe
2401 Welsh Avenue
$8,185,000
$79/SF
Building Size
102,770 SF
Asset Type
MultiFamily
Closing
Mar 7, 2025
AI
The property asset involved in this transaction is a multifamily asset located at 2401 Welsh Avenue in College Station. The asset comprises 134 units and has a total square footage of 102,770. This transaction is a significant entry in the multifamily market within the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 134
- Square Footage: 102,770
- Address: 2401 Welsh Avenue
- Market: College Station
- Brokers: Justin Whitworth & Steve Monroe - Oldham Goodwin
This transaction highlights the collaboration between Justin Whitworth and Steve Monroe, who represented the deal through Oldham Goodwin. Their involvement underscores the active role brokers play in facilitating multifamily property negotiations within the College Station market.
Players
College Station 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
1.94%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93