The Multifamily Group Acquires 136-Unit Porter Multifamily Property On FM1314
24270 FM1314, Porter, TX, USA
Building Size
890 SF
Asset Type
MultiFamily
Closing
Apr 4, 2021
AI
A multifamily property located at 24270 FM1314 in Porter has been sold. The transaction took place on April 5, 2021. The property consists of 136 units and was listed by Bryce Smith from The Multifamily Group. No additional details about the property or the transaction were provided.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 04/05/2021
- Address: 24270 FM1314, Porter
- Units: 136
Bryce Smith from The Multifamily Group represented the seller or buyer in the transaction. No further information about the parties involved or any additional details were provided.
Players
Porter 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