Updated Dec 19, 2023
Elandis Acquires Multifamily Property In Houston With Luis Pulido's Representation
2909 Hayes Road, Houston, TX 77082
Building Size
1,176 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
About this deal
AI
The multifamily property located at 2909 Hayes Rd in Houston has been sold. The transaction took place on November 24, 2021. The property consists of 569 units and is owned by Elandis, with Luis Pulido representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2909 Hayes Rd
- Market: Houston
- Units: 569
Luis Pulido, representing Elandis, facilitated the acquisition of the multifamily property at 2909 Hayes Rd. The deal was finalized on November 24, 2021. No additional details regarding the transaction amount or any loans involved were provided.
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