Weidner Acquires 178-Unit Multifamily Property In Dallas From RangeWater Real Estate & Carlyle
3636 McKinney Ave, Dallas, TX, USA
Building Size
117,830 SF
Asset Type
MultiFamily
Closing
Nov 15, 2021
AI
A multifamily property located at 3636 McKinney Ave in Dallas has been sold in a recent transaction. The property consists of 178 units and was sold on November 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3636 McKinney Ave, Dallas
- Units: 178
The buyer in this transaction was Weidner, while RangeWater Real Estate and Carlyle acted as the sellers. The deal was facilitated by Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Grant Raymond, and Will Balthrope from Institutional Property Advisors.
Players
Dallas 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