Capital Square Acquires 304-Unit Multifamily Property In Houston From Wood Partners
3623 West Alabama Street
Building Size
—
Asset Type
MultiFamily
Closing
Jun 8, 2022
AI
The multifamily property located at 3623 W Alabama St in Houston has been sold in a recent transaction. The property consists of 304 units and was sold by Wood Partners. The buyer of the property is Capital Square. The transaction was facilitated by brokers Ryan Epstein and Jennifer Ray from Walker & Dunlop, Inc.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Units: 304
- Address: 3623 W Alabama St
- Market: Houston
Another key player in this transaction was Alexandra Huffman, a mortgage broker from Walker & Dunlop, Inc.
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