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Dallas-based Brokerage Firm Facilitates Sale Of Midtown Apartments In Temple, Texas
SOLD
Texas
See Similar DealsMultiFamily
Sold 12/06/2023
SOLD
Dallas-based Brokerage Firm Facilitates Sale Of Midtown Apartments In Temple, Texas
3000 West Adams Avenue
See Similar DealsMultiFamily
Sold 12/06/2023
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The Multifamily Group (TMG) has facilitated the sale of Midtown Apartments, a multifamily property located at 3000 West Adams Avenue in Temple, Texas. This transaction took place on 12/06/2023. The property, which is situated in the Temple market, was sold.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 3000 West Adams Avenue, Temple, Texas
- Market: Temple
The sale of Midtown Apartments was made possible by the efforts of Jon Krebbs and Paul Yazbeck, brokers from The Multifamily Group. Jon Krebbs, representing the buyer, successfully facilitated the assumption of the existing Fannie Mae loan and secured a supplemental loan within 38 days. This ensured a guaranteed closing despite competing offers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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