Updated Oct 28, 2024
American Landmark Acquires Multifamily Property In Dallas From Olympus Property
3501 Ross Avenue, Dallas, TX, USA
Building Size
1,173 SF
Asset Type
MultiFamily
Closing
Jul 13, 2021
About this deal
AI
An multifamily property located at 3501 Ross Ave in Dallas has been sold in a recent transaction. The property consists of 368 units and was part of a closed sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3501 Ross Ave, Dallas
- Market: Dallas
- Units: 368
Olympus Property, represented by Chandler Wonderly, served as the seller in this transaction. The buyer was American Landmark, represented by Joe Lubeck.
Traded’s record for 3501 Ross Avenue, Dallas, TX, USA in Dallas, Texas covers a multifamily sale from 2021. Reported inventory is 1,173 square feet across 368 units, or about 0 per square foot. Named participants on the 3501 Ross Avenue, Dallas, TX, USA sale are Chandler Wonderly. This page is the Dallas, Texas file for the 3501 Ross Avenue, Dallas, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else sold near 3501 Ross Avenue, Dallas, TX, USA around 2021. Cite this American Landmark Acquires Multifamily Property In Dallas From Olympus Property sale when underwriting similar multifamily product around Dallas, Texas.
On the Map
MultiFamily
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Dallas MultiFamily Market Snapshot
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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