Jesse Mamuhewa & David McCutchan Acquire 30-Unit Multifamily In Austin
49 Navasota Street
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Feb 13, 2024
AI
The multifamily property located at 49 Navasota Street in Austin was sold in a recent transaction. The property consists of 30 units with a total square footage of 12,000. The sale involved buyers Jesse Mamuhewa and David McCutchan from Resolute Capital, while the seller was Southwest Strategies Group. The transaction was facilitated by brokers Daniel Elam and Lyles Carter from Muskin| Elam Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Buyer: Jesse Mamuhewa & David McCutchan - Resolute Capital
- Seller: Southwest Strategies Group
- Brokers: Daniel Elam & Lyles Carter - Muskin | Elam Group
The deal brought together key individuals and companies in the real estate industry. Jesse Mamuhewa and David McCutchan represented Resolute Capital in the acquisition, showcasing their strategic investment decisions. On the other hand, Southwest Strategies Group demonstrated their position as an active seller in the Austin market. The involvement of brokers Daniel Elam and Lyles Carter from Muskin | Elam Group highlights the importance of expert representation in successful property transactions.
Players
Austin 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