Updated Dec 20, 2023
REEP Equity Acquires Multifamily Property In Houston For 171 Units
2727 Elmside Dr, Houston, TX, USA
Building Size
156,337 SF
Asset Type
MultiFamily
Closing
May 16, 2021
About this deal
AI
The multifamily property located at 2727 Elmside Dr in Houston has been sold. The transaction took place on May 17, 2021. The property spans across 3.7 acres and consists of 171 units. The sale was represented by Jacob Garza & Arleen Garza, who shared an image of the property on Instagram.
Summary of transaction details
- Property Type: Multifamily
- Date: 05/17/2021
- Address: 2727 Elmside Dr
- Market: Houston
- Units: 171
- Acres: 3.7
The buyer of the property is REEP Equity, represented by Jacob Garza & Arleen Garza.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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