Kairoi Residential Acquires 840-Unit Multifamily Property On Little Texas Lane, Austin
SOLD
Texas
See Similar DealsMultiFamily1,073 SF
Sold 09/18/2020
SOLD
Kairoi Residential Acquires 840-Unit Multifamily Property On Little Texas Lane, Austin
401 Little Texas Ln, Austin, TX 78745, USA
See Similar DealsMultiFamily1,073 SF
Sold 09/18/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:1,073 SF
Transaction Type:Sale
The multifamily property located at 401 Little Texas Lane in Austin was recently sold. The transaction, which took place on September 18, 2020, involved a total of 840 units. The property was purchased by Kairoi Residential, a real estate investment company. The sale was facilitated by the broker team of Patton Jones and Matt Greer from Newmark Knight Frank.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Austin
The buyers, Kairoi Residential, have made a strategic investment in the Austin market with the acquisition of this multifamily property. With 840 units, the property offers significant potential for rental income and is expected to contribute to Kairoi Residential's portfolio growth. The involvement of Patton Jones and Matt Greer from Newmark Knight Frank as the brokers highlights their expertise in facilitating successful real estate transactions in the Austin area.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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