Updated Oct 28, 2024
Starboard Realty Advisors Acquires Multifamily Property With 308 Units In Spring
24530 Gosling Road, Spring, Texas 77389, United States
Units
308
Asset Type
MultiFamily
Closing
Apr 14, 2022
About this deal
AI
The multifamily property located at 24530 Gosling Road in Spring was recently sold. The sale, which took place on 04/15/2022, involved a total of 308 units. The property is situated in a desirable location, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 24530 Gosling Road, Spring
- Market: Spring
- Units: 308
Starboard Realty Advisors, represented by Bill Winn, was the buyer in this transaction. The sale was facilitated by John Carr, Ben Fuller, and Tonya Chaffin, who are brokers from Cushman & Wakefield. They played a crucial role in bringing this deal to fruition.
On the Map
MultiFamily
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Players
Spring 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