Updated Dec 4, 2024
Ryan Franckhauser Of KW Commercial Sells Casa Grande Apartments In Brownwood For Cash As Seller's Rep
2703 Dartmore Street
Units
26
Asset Type
MultiFamily
Closing
Mar 29, 2024
About this deal
AI
The Casa Grande Apartments, a 26-unit multifamily property located at 2703 Southside Drive in Brownwood, were sold in an all-cash transaction. The complex features one- and two-bedroom units and was built in 1979.
Summary of transaction details:
- Property Type: Multifamily - UNITS: 26
- Transaction Amount: Not disclosed
- Address: 2703 Southside Drive
- Market: Brownwood
Ryan Franckhauser of KW Commercial, part of Keller Williams Realty, represented the seller, a Dallas-based private investor, in the sale of Casa Grande Apartments.
Traded’s record for 2703 Dartmore Street in Brownwood, Texas covers a multifamily sale from 2024. Reported inventory is 26 units across 26 units. Ryan Franckhauser, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Brownwood, Texas file for the 2703 Dartmore Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Brownwood sit in the Market section below. Filter that Brownwood multifamily set by closing date to see what else sold near 2703 Dartmore Street around 2024. Cite this Ryan Franckhauser Of KW Commercial Sells Casa Grande Apartments In Brownwood For Cash As Seller's Rep sale when underwriting similar multifamily product around Brownwood, Texas.
Players
Brownwood 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