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4900 E Oltorf St, Austin, T...

Updated Oct 29, 2024

Cortland Sells 308-Unit Multifamily Property In Austin To CAF Capital Partners
SOLDMultiFamily

Cortland Sells 308-Unit Multifamily Property In Austin To CAF Capital Partners

4900 E Oltorf St, Austin, TX 78741, Estados Unidos

Building Size

679 SF

Asset Type

MultiFamily

Closing

Oct 22, 2020

About this deal

AI

The multifamily property located at 4900 E. Oltorf Street in Austin has been sold in a recent transaction. The property consists of 308 units and was acquired by CAF Capital Partners. The seller of the property was Cortland. The sale was facilitated by broker Patton Jones from Newmark Knight Frank.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 308
  • Seller: Cortland
  • Buyer: CAF Capital Partners
  • Broker: Patton Jones - Newmark Knight Frank

The acquisition of this multifamily property in Austin represents a significant investment opportunity for CAF Capital Partners. The property's location, size, and number of units make it an attractive option for residential real estate investment in the area. With the assistance of broker Patton Jones from Newmark Knight Frank, the transaction between Cortland and CAF Capital Partners was successfully completed.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
Capital Partners
Capital PartnersBuyer
Cortland
CortlandSeller

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

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