Updated Dec 21, 2023
Marcus & Millichap Brokers Al Silva & Ford Braly Facilitate Sale Of 154-Unit Multifamily In Hurst
601 Bellaire Drive, Hurst, TX, USA
Building Size
120,363 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
In a recent transaction, a multifamily property located at 601 Bellaire Dr in Hurst was sold. The sale, which took place on 07/30/2021, involved a total of 154 units. The property was listed by Al Silva & Ford Braly from Marcus & Millichap, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 601 Bellaire Dr
- Market: Hurst
- Units: 154
The sale of this multifamily property at 601 Bellaire Dr in Hurst involved the expertise of Al Silva & Ford Braly, brokers from the prominent firm Marcus & Millichap. They played a vital role in representing the seller throughout the transaction.
Players
Hurst 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