Updated Oct 29, 2024
Knightvest Capital Acquires Autumn Ranch On Swenson Farms Multifamily Property In Pflugerville For Growth Potential
413 Swenson Farms Blvd Pflugerville, TX 78660, USA
Units
336
Asset Type
MultiFamily
Closing
Jul 24, 2023
About this deal
AI
Autumn Ranch on Swenson Farms, a 336-unit multifamily asset located at 413 Swenson Farms Boulevard in Pflugerville, Texas, has been sold. The property spans an expansive area of 16.88 acres in the thriving market of Austin's Silicon Hills. The strategic location offers growth potential and convenient proximity to major employers, enhancing its appeal to residents.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 336
- Acres: 16.88
- Address: 413 Swenson Farms Boulevard
- Market: Pflugerville
The buyer of Autumn Ranch on Swenson Farms is Knightvest Capital, acquiring the multifamily property from the seller, MIG Real Estate. The sale was facilitated by Patton Jones and Andrew Dickson of Newmark, representing the parties involved in the transaction.
Players
Texas 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