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2401 Welsh Avenue

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

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:

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

Oldham Goodwin

Broker

$8.2M

vol

3 deals

Broker

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