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Multifamily Asset At 2401 Welsh Avenue Sold In College Station Represented By Justin Whitworth & Steve Monroe

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SOLD
$8,185,000

Texas

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MultiFamily102,770 SF
Sold 03/07/2025
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Property Image
SOLD

Multifamily Asset At 2401 Welsh Avenue Sold In College Station Represented By Justin Whitworth & Steve Monroe

2401 Welsh Avenue

See Similar Deals
MultiFamily102,770 SF
Sold 03/07/2025
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$79
Total Square Footage:102,770 SF
Transaction Type:Sale

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:

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

Justin Whitworth
3 deals$8.2M volume(281) 798-9560
BROKER

Steve Monroe
Oldham Goodwin
1 deal$8.2M volume(210) 426-1800
BROKER

Details

SOLD
IMAGE: Steve Monroe & Justin Whitworth DATE: 03/07/2025 ADDRESS: 2401 Welsh Avenue MARKET: College Station ASSET TYPE: Multifamily ~ UNITS: 134 ~ SF: 102,770 BROKERS: Justin Whitworth (@J.M.Whitworth) & Steve Monroe - Oldham Goodwin (@OldhamGoodwin)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$436,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,079.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,801.08
Annual Debt Service$465,612.91