Updated Oct 28, 2024
AMAC Acquires Montopolis Dr Multifamily In Austin For $61.9M
2405 Montopolis Drive, Austin, TX 78741, USA
$61,900,000
Units
288
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
2405 Montopolis Dr, a multifamily property located in Austin, was recently sold for a total price of $61,900,000. The sale took place on November 18, 2021 and involved a total of 288 units, with a price per unit of $214,931. Maurice Kaufman represented the buyer, AMAC, in the transaction, while the seller was Mont Apartments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $61,900,000
- Address: 2405 Montopolis Dr, Austin
- Market: Austin
- Units: 288
- Price Per Unit: $214,931
Maurice Kaufman, from AMAC, played a pivotal role as the representative of the buyer in this transaction. The seller, Mont Apartments, was successful in finalizing the sale of the multifamily property located at 2405 Montopolis Dr for a significant amount.
On the Map
$61,900,000
MultiFamily
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Players
Austin 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93