Updated Dec 21, 2023
29th Street Capital (29SC) Acquires Multifamily Property In Houston With Doug Burt
6301 Almeda Road, Houston, Texas 77021, United States
Units
320
Asset Type
MultiFamily
Closing
Jan 18, 2022
About this deal
AI
29th Street Capital (29SC) has acquired a multifamily property located at 6301 Almeda Rd in Houston. The property consists of 320 units and was sold on January 19, 2022. The transaction was facilitated by Doug Burt, representing 29th Street Capital (29SC) as the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 320
- Date: 01/19/2022
- Address: 6301 Almeda Rd
- Market: Houston
Doug Burt, representing 29th Street Capital (29SC), played a key role in the acquisition of the property. Additional details about the deal, such as the sale price and financing information, were not provided.
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