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414 Marshall Street

RC Investment Properties Purchases 27 Unit Multifamily Asset From Siddiqui Family In Houston
SOLDMultiFamily

RC Investment Properties Purchases 27 Unit Multifamily Asset From Siddiqui Family In Houston

414 Marshall Street

Building Size

17,500 SF

Asset Type

MultiFamily

Closing

Oct 31, 2024

AI

The asset involved in this transaction is a multifamily property located at 414 Marshall Street in Houston, consisting of 27 units. The specifics of the transaction are recorded, highlighting the property’s multifamily classification and its relevance in the Houston market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 27
  • Address: 414 Marshall Street
  • Market: Houston
  • Buyer: RC Investment Properties
  • Buyer's Representatives: Michael Rosen & Bradley Couch
  • Seller: Siddiqui Family

In this transaction, the buyer, represented by Michael Rosen and Bradley Couch, successfully acquired the property from the Siddiqui Family. The involvement of these individuals reflects their roles in facilitating this real estate transaction.

Players

Michael Rosen

RC Investment Properties

Buyer

7 deals

Buyer
RC Investment Properties
RC Investment PropertiesBuyer

Houston 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