facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

6431 Ridgecrest Road

Freshwater Group Acquires 81-unit Multifamily Property In Dallas
SOLDMultiFamily

Freshwater Group Acquires 81-unit Multifamily Property In Dallas

6431 Ridgecrest Road

Building Size

42,768 SF

Asset Type

MultiFamily

Closing

Dec 29, 2022

AI

The multifamily property located at 6431 Ridgecrest Road in Dallas has been sold in a closed transaction. The property consists of 81 units and spans a total square footage of 42,768. The sale was completed on 12/29/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 6431 Ridgecrest Road, Dallas
  • Market: Dallas
  • Units: 81
  • Square Footage: 42,768

The buyer in this transaction is Freshwater Group, while the seller is Livbrook Capital. The seller was represented by Will Miller, Caleb Jones, and David Shaffer from Wellington Realty.

Players

Will Miller

Wellington Realty

Broker

$54M

vol

9 deals

Broker
FG
Freshwater GroupBuyer

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