Updated Jan 30, 2024
Wellington Realty Acquires Multifamily Property In Dallas With 85 Units
3205 Crestview Drive, Dallas, TX 75235, USA
Building Size
11,470 SF
Asset Type
MultiFamily
Closing
Oct 21, 2021
About this deal
AI
Located at 3205 Crestview Dr in Dallas, this multifamily property consists of 85 units. The transaction took place on 10/21/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
Wellington Realty represented both the buyer and seller in this transaction. The brokers involved in the deal were David Shaffer, Caleb Jones, and Will Miller.
Traded’s record for 3205 Crestview Drive, Dallas, TX 75235, USA in Dallas, Texas covers a multifamily sale from 2021. Reported inventory is 11,470 square feet across 85 units, or about 0 per square foot. Will Miller, Caleb Jones, David Shaffer, Wellington Realty appear on the sale alongside Wellington Realty. This page is the Dallas, Texas file for the 3205 Crestview Drive, Dallas, TX 75235, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else sold near 3205 Crestview Drive, Dallas, TX 75235, USA around 2021. Cite this Wellington Realty Acquires Multifamily Property In Dallas With 85 Units sale when underwriting similar multifamily product around Dallas, Texas.
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Dallas MultiFamily Market Snapshot
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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