SOLDMultiFamily
Marcus & Millichap Brokers Kent Myers & Nico Bianchi Facilitate Sale Of 120-Unit Multifamily Property In San Angelo
3433 Arden Road, San Angelo, Texas 76901, United States
Building Size
72,000 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
The multifamily property located at 3433 Arden Rd in San Angelo has been sold. The transaction took place on April 1, 2022. The property consists of 120 units with a total square footage of 72,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 3433 Arden Rd
- Market: San Angelo
- Units: 120
- Square Footage: 72,000
The deal was facilitated by brokers Kent Myers and Nico Bianchi from Marcus & Millichap.
Players
San Angelo 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