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24530 Gosling Road, Spring,...

Starboard Realty Advisors Acquires Multifamily Property With 308 Units In Spring
SOLDMultiFamily

Starboard Realty Advisors Acquires Multifamily Property With 308 Units In Spring

24530 Gosling Road, Spring, Texas 77389, United States

Building Size

Asset Type

MultiFamily

Closing

Apr 14, 2022

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.

Players

John Carr

Cushman & Wakefield

Broker

9 deals

Broker
SA
Starboard Realty AdvisorsBuyer

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