Updated Oct 29, 2024
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
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