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
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