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3203 W Walnut Hill Ln Irvin...

EPC Multifamily Partners IV, LLC & RealtyMogul 89, LLC Sell Colinas Ranch Apartments In Irving, Texas
SOLDMultiFamily

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

Gerardo Mahuad

Eagle Property Capital

Broker

1 deal

Broker

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