SOLDMultiFamily
Michael Rosen & Bradley Couch Of RC Investment Properties Acquire 51-Unit Multifamily In Houston
3603 Chenevert Street
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Jun 2, 2026
AI
The property involved in the transaction is a multifamily asset located at 3603 Chenevert Street in the Midtown Grove area of Houston. This property consists of 51 units and spans a total of 50,000 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 3603 Chenevert Street, Houston
- Units: 51
- Square Footage: 50,000
- Buyer: Michael Rosen & Bradley Couch
- Buyer's Company: RC Investment Properties
- Broker: Carter Mizell
- Broker's Company: Newmark
- Sale Date: 06/02/2026
The deal was facilitated by Carter Mizell, representing the buyers, Michael Rosen and Bradley Couch, who are associated with RC Investment Properties. This transaction highlights the collaboration between the involved parties in securing the asset in the competitive Houston market.
Players
Houston 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