Updated Dec 21, 2023
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
About this deal
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.
Traded’s record for 3433 Arden Road, San Angelo, Texas 76901, United States in San Angelo, Texas covers a multifamily sale from 2022. Reported inventory is 72,000 square feet across 120 units, or about 0 per square foot. Nico Bianchi, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the San Angelo, Texas file for the 3433 Arden Road, San Angelo, Texas 76901, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same San Angelo sit in the Market section below. Filter that San Angelo multifamily set by closing date to see what else sold near 3433 Arden Road, San Angelo, Texas 76901, United States around 2022. Cite this Marcus & Millichap Brokers Kent Myers & Nico Bianchi Facilitate Sale Of 120-Unit Multifamily Property In San Angelo sale when underwriting similar multifamily product around San Angelo, Texas.
Players
San Angelo 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