SOLDMultiFamily
The Multifamily Group Facilitates Sale Of 188-unit Property In Houston
6111 Winsome Lane, Houston, Texas 77057, United States
Building Size
—
Asset Type
MultiFamily
Closing
Feb 27, 2022
AI
The sale of a multifamily property in Houston has been completed. The property, located at 6111 Winsome Ln and 3030 Greenridge Dr, consists of 188 units spread across 6.08 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 188
- Acres: 6.08
- Market: Houston
The buyer was represented by Bryce Smith from The Multifamily Group, while the seller was represented by Greg Miller, also from The Multifamily Group.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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