Partners Real Estate Sells 22-Unit Multifamily Building In North Houston
4525 Weaver Rd Houston, Tx 77016, Usa
Building Size
—
Asset Type
MultiFamily
Closing
May 23, 2023
AI
Partners Real Estate has sold a 22-unit apartment building located at 4525 Weaver Road in North Houston. The property, represented by Ryan DeGennaro of Partners Real Estate, was acquired by the buyer, Mell Investment Group. The transaction involved a multifamily asset with 22 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4525 Weaver Road
- Market: North Houston
- Units: 22
Enrique Moreno Jr. from eXp Commercial served as the buyer's representative for Mell Investment Group in this deal.
Players
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