Updated Dec 21, 2023
Marcus & Millichap Brokers Sale Of 59-Unit Multifamily Property In Fort Worth
2409 Ridgmar Plaza, Fort Worth, Texas 76116, United States
Units
59
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
The multifamily property located at 2409 Ridgmar Plaza in Fort Worth has been sold. The transaction was completed on 03/10/2022. The property consists of 59 units and is part of the Fort Worth market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2409 Ridgmar Plaza, Fort Worth
- Market: Fort Worth
- Units: 59
The sale of the property was facilitated by Jonathan Ochstein, Matt Aslan, Nick Fluellen, Bard Hoover & Wesley Racht of Marcus & Millichap.
Players
Fort Worth 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93