SOLDMultiFamily
JEM Holdings Acquires 223-Unit Multifamily Property In Austin From Stillwater Capital
2511 Montopolis Drive, Austin, TX, USA
Building Size
526 SF
Asset Type
MultiFamily
Closing
Jan 5, 2021
AI
A multifamily property located at 2511 Montopolis Drive in Austin has been sold in a recent transaction. The property consists of 223 units and was acquired by JEM Holdings from Stillwater Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned in the CONTEXT
- Units: 223
- Address: 2511 Montopolis Drive, Austin
Patton Jones from Newmark represented both the buyer, JEM Holdings, and the seller, Stillwater Capital, in the transaction.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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