Updated Oct 28, 2024
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
About this deal
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.
On the Map
MultiFamily
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Players
Rosenberg 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