Updated Dec 21, 2023
Iliad Realty Group And North Point Capital Group Acquire 151-Unit Multifamily Property In Houston
504 Highway 332, Lake Jackson, TX 77566
Units
151
Asset Type
MultiFamily
Closing
Apr 18, 2022
About this deal
AI
Iliad Realty Group and North Point Capital Group have closed on the acquisition of a multifamily property in Houston. Located at 504 Highway 332, the property boasts 151 units. This transaction took place on April 19, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 504 Highway 332, Houston
- Market: Houston
- Number of units: 151
The buyer's representatives in this deal are Elliott Aronson and Christopher Donnelly from Iliad Realty Group, as well as David P. Zar and Shawn Hakimian from North Point Capital Group.
Players
Lake Jackson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
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