Yonnic Land Acquires Multifamily Property In Mt Pleasant
306 Lakewood Dr, Mt Pleasant, TX, USA
Building Size
32,000 SF
Asset Type
MultiFamily
Closing
May 28, 2020
AI
A multifamily property located at 306 Lakewood Dr in Mt Pleasant has recently been sold. The transaction took place on 05/28/2021. The property spans 3.74 acres, making it an attractive investment opportunity in the area.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 306 Lakewood Dr
- Market: Mt Pleasant
- Acres: 3.74
The sale of this multifamily property was facilitated through the brokerage services of Yonnic Land from The Multifamily Group. Their expertise in the market and experience in handling transactions of this nature contributed to a successful deal.
Players
Mount Pleasant 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