Updated Oct 29, 2024
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
About this deal
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.
Traded’s record for 2511 Montopolis Drive, Austin, TX, USA in Austin, Texas covers a multifamily sale from 2021. Reported inventory is 526 square feet across 223 units, or about 0 per square foot. Patton Jones, Newmark appear on the sale alongside Newmark. This page is the Austin, Texas file for the 2511 Montopolis Drive, Austin, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near 2511 Montopolis Drive, Austin, TX, USA around 2021. Cite this JEM Holdings Acquires 223-Unit Multifamily Property In Austin From Stillwater Capital sale when underwriting similar multifamily product around Austin, Texas.
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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