EPC Multifamily Partners IV, LLC & RealtyMogul 89, LLC Sell Colinas Ranch Apartments In Irving, Texas
3203 W Walnut Hill Ln Irving, TX 75038, USA
Building Size
—
Asset Type
MultiFamily
Closing
May 30, 2023
AI
The sale involved a multifamily property, specifically Colinas Ranch Apartments, consisting of 160 units located at 3203 West Walnut Hill Lane in Irving, Texas. The transaction was facilitated by Eagle Property Capital Investments, which engaged in a repositioning strategy that enhanced the property's profitability.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 3203 West Walnut Hill Lane
- Market: Irving
- Units: 160
- Seller: EPC Multifamily Partners IV, LLC & RealtyMogul 89, LLC
- Broker: Gerardo Mahuad - Eagle Property Capital Investments, LLC
Gerardo Mahuad represented Eagle Property Capital Investments in the transaction. The collaboration with EPC Multifamily Partners IV, LLC & RealtyMogul 89, LLC resulted in a successful sale which yielded significant capital gains due to the effective repositioning strategy employed.
Players
Irving 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93