Updated Dec 20, 2023
Myers Multifamily Group Acquires 254-Unit Multifamily Property In San Angelo, TX
2431 College Hills Blvd, San Angelo, TX 76904, USA
Building Size
1,330 SF
Asset Type
MultiFamily
Closing
Aug 25, 2020
About this deal
AI
An undisclosed multifamily property located at 2431 College Hills Boulevard and 34 Cielo Vista Plaza in San Angelo has been sold. The transaction was facilitated by Nico Bianchi and Kent Myers from Myers Multifamily Group of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 254
- Address: 2431 College Hills Boulevard & 34 Cielo Vista Plaza
- Market: San Angelo
Nico Bianchi and Kent Myers, representing Myers Multifamily Group of Marcus & Millichap, played crucial roles as the brokers in this transaction.
On the Map
MultiFamily
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Players
San Angelo 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