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49 Navasota Street

Jesse Mamuhewa & David McCutchan Acquire 30-Unit Multifamily In Austin
SOLDMultiFamily

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:

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

Daniel Elam

Muskin | Elam Group

Broker

4 deals

Broker

Austin 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