SPI Advisory Acquires Ivy Urban Living Multifamily Property In Dallas
4211 Cabell Dr Dallas, TX 75204, USA
Units
228
Asset Type
MultiFamily
Closing
Jul 3, 2023
AI
SPI Advisory has acquired Ivy Urban Living, a 228-unit multifamily community in Dallas. The property, located at 4211 Cabell Drive, offers convenient access to highways and amenities, and is situated near downtown Dallas.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: N/A
- Units: 228
- Market: Dallas
The buyer, SPI Advisory represented by Michael Becker & Sean Mabarak, acquired Ivy Urban Living. The seller in the transaction was Frontline Capital Partners.
Texas 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