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3419 Fountains Dr, Rosenber...

Momentum Multifamily Acquires Multifamily Property In Rosenberg From Mosaic Fountains LP
SOLDMultiFamily

Momentum Multifamily Acquires Multifamily Property In Rosenberg From Mosaic Fountains LP

3419 Fountains Dr, Rosenberg, TX 77471

Building Size

167,608 SF

Asset Type

MultiFamily

Closing

Aug 22, 2022

AI

A multifamily property located at 3419 Fountains Drive in Rosenberg has been sold. The property consists of 184 units and has a total area of 167,608 square feet. The transaction took place on August 23, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 184
  • Square Footage: 167,608
  • Address: 3419 Fountains Drive
  • Market: Rosenberg

Momentum Multifamily has acquired the property from Mosaic Fountains LP. Chip Nash, Bob Heard, and Jaleel Adatia from Colliers represented both the buyer and the seller in the transaction.

Players

Chip Nash

Colliers

Broker

21 deals

Broker
MM
Momentum MultifamilyBuyer

Rosenberg 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