SOLDMultiFamily
SB Properties Acquires Multifamily Property In Houston From Berkshire Group
2411 Fondren Road
Building Size
—
Asset Type
MultiFamily
Closing
Jul 21, 2022
AI
Berkshire Group has sold a multifamily property located at 2411 Fondren Rd in Houston. The property, consisting of 276 units, was sold to SB Properties in a recent transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not available
- Date: 07/22/2022
- Address: 2411 Fondren Rd
- Market: Houston
- Units: 276
The deal was facilitated by brokers Jennifer Ray and Ryan Epstein from Walker & Dunlop.
Players
Houston 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