SOLDMultiFamily
Luz Pettle Of Toe3investments Acquires Multifamily Property At 402 Gastel Circle In Edinburg
402 Gastel Circle
Building Size
19,800 SF
Asset Type
MultiFamily
Closing
Dec 9, 2024
AI
The transaction involved a multifamily asset located at 402 Gastel Circle in Edinburg. This sale was finalized on 12/09/2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 402 Gastel Circle
- Market: Edinburg
- Buyer: Luz Pettle - Toe3investments
- Seller: Robert May - Vistamar 1
- Buyer's Representative: Larry Hoelter - Brick & Stone Realty
- Seller's Representative: Jaxton Hoelting - Keller Williams Commercial
The deal was facilitated by Larry Hoelter, who represented the buyer, and Jaxton Hoelting, who represented the seller, ensuring both parties’ interests were adequately represented during the transaction.
Players
Edinburg 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