Updated Dec 21, 2023
The Multifamily Group Facilitates Sale Of 188-unit Property In Houston
6111 Winsome Lane, Houston, Texas 77057, United States
Units
188
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
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.
Traded’s record for 6111 Winsome Lane, Houston, Texas 77057, United States in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 188 units across 188 units. Greg Miller, Bryceson (Bryce) Smith, The Multifamily Group appear on the sale alongside The Multifamily Group. This page is the Houston, Texas file for the 6111 Winsome Lane, Houston, Texas 77057, 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 6111 Winsome Lane, Houston, Texas 77057, United States around 2022. Cite this The Multifamily Group Facilitates Sale Of 188-unit Property In Houston sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston 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