Updated Jan 30, 2024
American Landmark Apartments Acquires 328-Unit Multifamily In North Richland Hills
6490 Iron Horse Boulevard, Fort Worth, Texas 76180, United States
Units
328
Asset Type
MultiFamily
Closing
Apr 3, 2022
About this deal
AI
Located at 6490 Iron Horse Boulevard in North Richland Hills, this multifamily property recently changed hands in a sale transaction. The property consists of 328 units and is situated in a vibrant market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 04/04/2022
- Buyer: American Landmark Apartments - Christine DeFilippis
American Landmark Apartments, represented by Christine DeFilippis, acquired the property. Further details regarding the sale price and other individuals involved in the transaction are not available.
Traded’s record for 6490 Iron Horse Boulevard, Fort Worth, Texas 76180, United States in North Richland Hills, Texas covers a multifamily sale from 2022. Reported inventory is 328 units across 328 units. This page is the North Richland Hills, Texas file for the 6490 Iron Horse Boulevard, Fort Worth, Texas 76180, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same North Richland Hills sit in the Market section below. Filter that North Richland Hills multifamily set by closing date to see what else sold near 6490 Iron Horse Boulevard, Fort Worth, Texas 76180, United States around 2022. Cite this American Landmark Apartments Acquires 328-Unit Multifamily In North Richland Hills sale when underwriting similar multifamily product around North Richland Hills, Texas.
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