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
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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