Updated Mar 11, 2025
Heritage Capital Group Acquires Multifamily Property In Dallas For $33.2M Loan
3030 Elizabeth Street, Dallas, TX 75204, USA
$33,200,000
$1,029/SF
Building Size
32,260 SF
Asset Type
MultiFamily
Closing
Aug 10, 2020
About this deal
AI
The multifamily property located at 3030 Elizabeth St in Dallas has been sold in a transaction facilitated by Institutional Property Advisors (IPA). The property consists of 179 residential units and was sold by The Ergas Group to Heritage Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3030 Elizabeth St
- Market: Dallas
- Units: 179
The sale of the property was represented by Drew Kile, Joey Tumminello, Will Balthrope, Michael Ware, Taylor Hill, and Asher Hall from Institutional Property Advisors (IPA). The lending for this transaction was provided by Ready Capital, with an acquisition loan amount of $33,200,000.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93