Updated Oct 29, 2024
GoodLife Housing Partners Acquires 416-Unit Multifamily Property In Irving From LumaCorp
4057 N Belt Line Rd, Irving, TX, USA
Building Size
1,189 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
A multifamily property located at 4057 N Belt Line Rd in Irving has been sold in a recent transaction. The property consists of 416 units and was sold by LumaCorp to GoodLife Housing Partners. The deal was facilitated by brokers Jakob Andersen and Brian O’Boyle Jr. from Newmark.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4057 N Belt Line Rd
- Market: Irving
- Units: 416
GoodLife Housing Partners acquired the multifamily property located at 4057 N Belt Line Rd in Irving from LumaCorp. Throughout the deal, the negotiations were handled by brokers Jakob Andersen and Brian O’Boyle Jr. from Newmark. Additional details regarding the transaction, such as the sale price, loan amount, and square footage, were not provided.
On the Map
MultiFamily
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Irving MultiFamily Market Snapshot
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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