SOLDMultiFamily
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
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.
Dallas 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