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4641 Montrose Boulevard, Ho...

Madera Residential Acquires 325-Unit Multifamily In Central Houston
SOLDMultiFamily

Madera Residential Acquires 325-Unit Multifamily In Central Houston

4641 Montrose Boulevard, Houston, Texas 77006, United States

Building Size

Asset Type

MultiFamily

Closing

Sep 8, 2022

AI

4641 Montrose Boulevard in Central Houston has been sold in a recent transaction. This multifamily property, consisting of 325 units, changed ownership on 09/09/2022. The property was purchased by Madera Residential from the seller, Alliance Residential Company.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified

The buyer, Madera Residential, was represented by Chris Pollard and Jason Rice from Berkadia Dallas. On the other hand, the seller, Alliance Residential Company, was represented by Chris Curry, Todd Marix, Jeff Skipworth, Chris Young, Joey Rippel, and Kyle Whitney from Berkadia Houston.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
Madera Residential
Madera ResidentialBuyer

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