Hilltop Residential Acquires 240-Unit Multifamily Property In Richardson
3521 Wilshire Way, Richardson, TX 75082, USA
Building Size
10,012 SF
Asset Type
MultiFamily
Closing
Sep 2, 2020
AI
The multifamily property located at 3521 Wilshire Way in Richardson has been sold in a closed transaction. The property consists of 240 units and was sold by JLB Partners & Crow Holdings to the buyer, Hilltop Residential represented by David Wylie.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 3521 Wilshire Way
- Market: Richardson
David Wylie, representing Hilltop Residential, played a key role in the transaction as the buyer's representative.
Players
Richardson 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