Updated Sep 9, 2024
Marcus & Millichap Brokered Sale Of Capri Apartments And Bryant Place In San Angelo, West Texas
602 W Ave M San Angelo, TX 76903, USA
Units
34
Asset Type
MultiFamily
Closing
Sep 6, 2023
About this deal
AI
A limited liability company has sold two multifamily properties, Capri Apartments and Bryant Place, in San Angelo, West Texas. The properties are located at 602 West Avenue M and 1521 South Bryant Boulevard. The transaction involved a total of 34 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Address: 602 West Avenue M & 1521 South Bryant Boulevard
- Market: San Angelo
- Units: 34
- Broker: William Stover Jr - Marcus & Millichap
The seller, represented by William Stover Jr. of Marcus & Millichap, brokered the sale of these properties. The specific terms of the sale were not disclosed.
Players
San Angelo 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