Updated Oct 28, 2024
JKR Capital Group Acquires 20-Unit Multifamily Property In Arlington
500 Norwood Place, Arlington, Texas 76013, United States
Building Size
30,000 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
A multifamily property located at 500 Norwood Pl in Arlington has been sold. The property consists of 20 units and has a total area of 30,000 square feet. The sale took place on April 29, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 500 Norwood Pl
- Market: Arlington
- Units: 20
- Square Footage: 30,000
JKR Capital Group has acquired the property, while HH Norwood Properties, INC acted as the seller. Hayden Harder & Scott Henderson from SVN Trinity Advisors represented the buyer in this transaction, and Cole Carter from Peyco Southwest Realty represented the seller.
On the Map
MultiFamily
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Players
Arlington 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