Updated Nov 9, 2026
254 Plez Morgan Drive
254 Plez Morgan Drive
Building Size
40,240 SF
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
This multifamily asset is located at 254 Plez Morgan Drive in the Montgomery market. It consists of 48 units with a total square footage of 40,240.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Buyer: Merit Living Companies
- Seller: Equity Secured Capital
- Broker: Tyler Bynum - Franklin Street
The transaction reflects the collaboration between key stakeholders in the multifamily sector, highlighting the roles of Merit Living Companies as the buyer and Equity Secured Capital as the seller. Tyler Bynum from Franklin Street facilitated the deal, representing the involved parties in this transaction.
On the Map
MultiFamily
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Montgomery MultiFamily Market Snapshot
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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