Marcus & Millichap Facilitates Sale Of 391-Unit Multifamily Property In Odessa
4136 East 52nd Street
Building Size
323,668 SF
Asset Type
MultiFamily
Closing
Aug 30, 2022
AI
The multifamily property located at 4136 E. 52nd St. & 6401 Eastridge Road in Odessa has been sold. The property spans a total square footage of 323,668 and consists of 391 units. The transaction took place on August 30, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Market: Odessa
Kent Myers and Patrick Strake from Marcus & Millichap represented the parties involved in the transaction as brokers. They played an important role in facilitating the deal.
Players
Ansonia 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