Updated Dec 4, 2024
The Lure Apartments Sold In Dallas Texas By Northmarq For 144-Unit Multifamily Property
2929 Kings Road
Units
144
Asset Type
MultiFamily
Closing
Sep 11, 2024
About this deal
AI
The Lure Apartments is a multifamily property featuring 144 units located at 2929 Kings Road in Dallas, Texas. This property was constructed in 1998, and specific financial details regarding the sale amount have not been disclosed.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not Disclosed
- Units: 144
- Address: 2929 Kings Road
- Market: Dallas
The transaction was facilitated by brokers Taylor Snoddy, Charles Hubbard, and Eric Stockley, all representing NorthMarq in the process of arranging the sale of the property.
On the Map
MultiFamily
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Dallas MultiFamily Market Snapshot
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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