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3623 West Alabama Street

Capital Square Acquires 304-Unit Multifamily Property In Houston From Wood Partners
SOLDMultiFamily

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

Jennifer Ray

Walker & Dunlop

Broker

8 deals

Broker
CS
Capital SquareBuyer

Houston 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