Updated Dec 22, 2023
Excelsa Properties Sells Multifamily Property In Houston For $X.XM
4000 Watonga Boulevard, Houston, Texas 77092, United States
Units
392
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
The multifamily property located at 4000 Watonga Blvd in Houston has been sold. The transaction took place on 08/03/2022. The property consists of 392 units and is part of Excelsa Properties' portfolio.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 4000 Watonga Blvd
- Market: Houston
- Units: 392
The sellers of the property are Bassam Yammine and Jonathan Woods, representing Excelsa Properties. They facilitated the sale of the multifamily asset, although the specific transaction amount was not disclosed.
On the Map
MultiFamily
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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