Updated Oct 29, 2024
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
About this deal
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.
Traded’s record for 3521 Wilshire Way, Richardson, TX 75082, USA in Richardson, Texas covers a multifamily sale from 2020. Reported inventory is 10,012 square feet across 240 units, or about 0 per square foot. Named participants on the 3521 Wilshire Way, Richardson, TX 75082, USA sale are David Wylie. This page is the Richardson, Texas file for the 3521 Wilshire Way, Richardson, TX 75082, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Richardson sit in the Market section below. Filter that Richardson multifamily set by closing date to see what else sold near 3521 Wilshire Way, Richardson, TX 75082, USA around 2020. Cite this Hilltop Residential Acquires 240-Unit Multifamily Property In Richardson sale when underwriting similar multifamily product around Richardson, Texas.
Players
Richardson 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