Myers Multifamily Group Acquires Multifamily Property In San Benito For 05/28/2021
349 Helen Moore Road, San Benito, TX 78586, USA
Building Size
1,234 SF
Asset Type
MultiFamily
Closing
May 28, 2020
AI
The multifamily property located at 349 S Helen Moore Road in San Benito has been sold in a recent transaction. The sale took place on May 28, 2021, with Kent Myers and Nico Bianchi representing the deal. The property is situated in a vibrant market and is an excellent investment opportunity.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 349 S Helen Moore Road, San Benito
- Market: San Benito
Kent Myers, representing Myers Multifamily Group at Marcus & Millichap, and Nico Bianchi played pivotal roles as brokers in facilitating the transaction. Their expertise and experience in the real estate industry contributed to the success of the deal.
Players
San Benito 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