Updated Dec 20, 2023
29th Street Capital Acquires Multifamily Property In Houston For $X.XM
5353 Fannin Street, Houston, Texas 77004, United States
Units
224
Asset Type
MultiFamily
Closing
Mar 14, 2022
About this deal
AI
The multifamily property located at 5353 Fannin St in Houston has been sold. The transaction took place on 03/15/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Number of Units: 224
- Address: 5353 Fannin St
- Market: Houston
The buyer of the property is 29th Street Capital (29SC) represented by Doug Burt.
Traded’s record for 5353 Fannin Street, Houston, Texas 77004, United States in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 224 units across 224 units. This page is the Houston, Texas file for the 5353 Fannin Street, Houston, Texas 77004, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 5353 Fannin Street, Houston, Texas 77004, United States around 2022. Cite this 29th Street Capital Acquires Multifamily Property In Houston For $X.XM sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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