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2433 Fort Worth St, Grand P...

Updated Oct 29, 2024

Grand Prairie Multifamily Property Sold With Buyer's Rep Undisclosed 1031 Exchange Investor And Seller's Rep Jon Krebbs
SOLDMultiFamily

Grand Prairie Multifamily Property Sold With Buyer's Rep Undisclosed 1031 Exchange Investor And Seller's Rep Jon Krebbs

2433 Fort Worth St, Grand Prairie, TX...

Units

20

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

AI

The property involved in this transaction is Bella Capri, a 20-unit complex located at 2433 Fort Worth St, Grand Prairie, TX, in the Grand Prairie market. The property was constructed in 1969 and consists of 0 square feet. The sale was carried out without disclosing the transaction amount.

Summary of transaction details:

  • Property Type: 20-unit complex
  • Transaction Amount: Undisclosed
  • Address: 2433 Fort Worth St, Grand Prairie, TX
  • Market: Grand Prairie
  • Seller's Representative: Jon Krebbs - The Multifamily Group
  • Buyer: Undisclosed 1031 Exchange Investor

In this transaction, Jon Krebbs represented the seller from The Multifamily Group. The buyer was procured by Nasir Pooran of The Multifamily Group, who facilitated the deal with an anonymous 1031 exchange investor.

On the Map

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Players

Jon Krebbs

The Multifamily Group

Broker

$13.5M

vol

19 deals

Broker
UI
Undisclosed 1031 Exchange InvestorBuyer
Bilt advertisement

Grand Prairie 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

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