Updated Dec 21, 2023
Investors Management Group Acquires Multifamily Property In San Antonio
6674 Prue Road, San Antonio, TX 78240
Building Size
33,264 SF
Asset Type
MultiFamily
Closing
Jun 7, 2020
About this deal
AI
Investors Management Group, represented by Neil Schimmel and Karlin Conklin, has acquired a multifamily property located at 6674 Prue Rd in San Antonio. The transaction, which closed on 06/07/2021, involved the purchase of a 246-unit asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6674 Prue Rd, San Antonio
- Market: San Antonio
- Buyer: Investors Management Group - Neil Schimmel & Karlin Conklin
Neil Schimmel and Karlin Conklin, representing Investors Management Group, played a key role in the acquisition of the multifamily property. Their expertise and negotiation skills contributed to the successful completion of the deal.
Players
San Antonio 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