Updated Dec 4, 2024
Todd Michael Acquires Multifamily Property In Dallas Fort Worth
410 North International Road
Building Size
75,484 SF
Asset Type
MultiFamily
Closing
Feb 27, 2024
About this deal
AI
The multifamily property located at 410 North International Road in Dallas Fort Worth / Garland, TX, was recently sold in a transaction involving 122 units spanning 75,484 square feet. The sale was completed on 02/27/2024.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Not available
- Buyer: Todd Michael
- Seller: Matt Mims
- Brokers: Chibuzor Nnaji & Mark Allen - Global Real Estate Advisors (GREA) Michael
The transaction was facilitated by Chibuzor Nnaji and Mark Allen from Global Real Estate Advisors, representing the buyer and seller in the deal.
On the Map
MultiFamily
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Garland 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