Updated Oct 28, 2024
Christopher Investment Co. Acquires 321-Unit Multifamily Property On Harmon Ave In Austin
3403 Harmon Avenue, Austin, Texas 78705, United States
Units
321
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
Wayfinder Real Estate has successfully sold a multifamily property in Austin, Texas. The property, located at 3403 Harmon Ave, spans over 22 acres and consists of 321 units. The transaction took place on 08/01/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 321
- Acres: 22
- Market: Austin
Christopher Investment Co., represented by Daniel Myrick, acquired the property from Wayfinder Real Estate, with Mac McElwrath serving as their representative. The buyer and seller reached a successful agreement on the sale of this multifamily property in Austin.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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