Updated Dec 21, 2023
Jon Krebbs - The Multifamily Group Acquires 151-Unit Multifamily Property In Garland
526 Walnut Parkway, Garland, TX 75042, USA
Building Size
96,192 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
The multifamily property located at 526 Walnut Pkwy in Garland has been sold. The sale was facilitated by Jon Krebbs from The Multifamily Group (TMG) and the transaction was completed on July 23, 2021. The property consists of 151 units and is situated in the Garland market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Units: 151
- Date: 07/23/2021
- Address: 526 Walnut Pkwy, Garland
- Market: Garland
Jon Krebbs from The Multifamily Group (TMG) served as the broker for this transaction.
Players
Garland 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