Marcus & Millichap Sells Casa Bella Multifamily Property In Garland, Texas
2626 W Walnut St Garland, TX 75042, USA
Building Size
—
Asset Type
MultiFamily
Closing
May 30, 2023
AI
Casa Bella, a 46-unit apartment property located at 2626 West Walnut Street in Garland, Texas, has been sold by Marcus & Millichap. The property was purchased by a local private investor who intends to modernize and improve the building.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 46
- Market: Garland
- Brokers: Ford Braly, Dylan York & Al Silva - The Silva Braly Multifamily Team - Marcus & Millichap
The Silva Braly Multifamily Team from Marcus & Millichap represented the buyer in this transaction. Their expertise and negotiation skills played a significant role in securing the deal. The local private investor is looking forward to renovating and improving the property to enhance its appeal in the rental market.
Players
Garland 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