Updated Sep 23, 2026
Jon Krebbs Represents Seller In Sale Of 71-Unit Northwind Apartments In Waco For Loan Assumption
5111 North Interstate 35
Units
71
Asset Type
MultiFamily
Closing
Sep 21, 2026
About this deal
AI
The transaction involved the sale of Northwind Apartments, a multifamily asset featuring 71 units located at 5111 North Interstate 35 in Waco, Texas. The property, built in 1978, is strategically positioned near Texas State Technical College, making it a noteworthy community within the local market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 71
- Address: 5111 North Interstate 35
- Market: Waco, TX
The Multifamily Group, consisting of Jon Krebbs and Angel Flores, facilitated the transaction with Jon Krebbs representing the seller, while Angel Flores sourced the buyer. The deal incorporated a loan assumption and preferred equity structure to bridge the pricing gap.
On the Map
MultiFamily
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Waco 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