NorthMarq Brokers Facilitate Sale Of Travis Gardens Apartments In Fort Worth
2901 Travis Avenue
Building Size
—
Asset Type
MultiFamily
Closing
Apr 18, 2024
AI
The Travis Gardens Apartments at 2901 Travis Ave in Fort Worth, Texas, consisting of 77 multifamily units, were recently sold. The transaction was facilitated by NorthMarq through brokers Charles Hubbard, Eric Stockley, and Taylor Snoddy, showcasing their involvement in the Fort Worth multifamily market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2901 Travis Avenue
- Market: Fort Worth
- Brokers: Charles Hubbard, Eric Stockley & Taylor Snoddy - NorthMarq
NorthMarq played a crucial role in the sale of the Travis Gardens Apartments, highlighting the expertise of brokers Charles Hubbard, Eric Stockley, and Taylor Snoddy in the Fort Worth multifamily market.
Players
Fort Worth 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