SOLDMultiFamily
Claridge Properties Acquires 291-Unit Multifamily Property In Houston
333 Uvalde Road
Building Size
1,024 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
AI
Claridge Properties has acquired a multifamily property in Houston, located at 333 Uvalde Road. The transaction took place on January 21, 2021. The property consists of 291 units and was sold by the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 333 Uvalde Road
- Market: Houston
- Units: 291
Ryan Epstein, Jennifer Ray, and Scott Bray from Berkadia represented Claridge Properties in the deal as the buyer's brokers.
Players
Houston 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