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4218 J Street

Mell Investment Group Sells 8-Unit Multifamily Building In West Houston
SOLDMultiFamily

Mell Investment Group Sells 8-Unit Multifamily Building In West Houston

4218 J Street

Building Size

Asset Type

MultiFamily

Closing

Sep 25, 2023

AI

An eight-unit apartment building located at 4218 J Street in West Houston has been sold. The sale was facilitated by Partners Real Estate, with Ryan DeGennaro representing the seller, Mell Investment Group, and Elaine Lan Nguyen of HomeSmart representing the buyer. The property is a multifamily asset consisting of eight units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 4218 J Street
  • Market: West Houston
  • Units: 8

Ryan DeGennaro, a representative from Partners Real Estate, played a crucial role in finalizing the sale of the eight-unit apartment building. On the buyer's side, Elaine Lan Nguyen of HomeSmart effectively represented the buyer throughout the transaction. The involvement of these individuals ensured a successful deal for both the seller, Mell Investment Group, and the buyer.

Players

Ryan DeGennaro

Partners Real Estate

Broker

8 deals

Broker
MG
Mell Investment GroupSeller

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