AV Properties Acquires 208-Unit Multifamily Property In Dallas, Texas From Concord Capital Partners
6415 Melody Lane, Dallas, Texas 75231, United States
Building Size
66,348 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
AI
The multifamily property located at 6415 Melody Ln in Dallas, Texas has been sold in a recent transaction. The property consists of 208 units, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6415 Melody Ln
- Market: Dallas, Texas
- Units: 208
AV Properties has purchased the property from Concord Capital Partners. The broker representatives involved in the deal are Michael Schattner and Jonathan Brody, who are from Rosewood Realty Group.
Players
Dallas 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