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
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.
Players
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