Marcus & Millichap Brokers Sale Of 59-Unit Multifamily Property In Fort Worth
2409 Ridgmar Plaza, Fort Worth, Texas 76116, United States
Building Size
—
Asset Type
MultiFamily
Closing
Mar 9, 2022
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
Loading comparables…
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