Updated Dec 19, 2023
American Landmark Acquires 328-unit Multifamily Property In North Richland Hills
6440 Iron Horse Blvd, North Richland Hills, TX 76180
Units
328
Asset Type
MultiFamily
Closing
Apr 4, 2022
About this deal
AI
Joe Lubeck recently closed a multifamily property deal in North Richland Hills. The property, located at 6440 Iron Horse Blvd, consists of 328 units. The sale was finalized on April 5, 2022. The property was purchased by American Landmark, with Joe Lubeck representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6440 Iron Horse Blvd
- Market: North Richland Hills
- Units: 328
Joe Lubeck, representing American Landmark, played a key role in the transaction as the buyer's representative.
Players
North Richland Hills 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