Updated Dec 4, 2024
Rastegar Property Company Acquires 35-Unit Multifamily In Austin
6812 South Congress Avenue
Building Size
26,308 SF
Asset Type
MultiFamily
Closing
Jul 21, 2020
About this deal
AI
A multifamily property located at 6812 South Congress Avenue in Austin was recently sold. The property consists of 35 units, featuring one- and two-bedroom apartments. At the time of the sale, the property was 94 percent occupied.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Austin
The buyer of the property was Rastegar Property Company, represented by Ari Rastegar.
Traded’s record for 6812 South Congress Avenue in Austin, Texas covers a multifamily sale from 2020. Reported inventory is 26,308 square feet across 35 units, or about 0 per square foot. Named participants on the 6812 South Congress Avenue sale are Ari Rastegar. This page is the Austin, Texas file for the 6812 South Congress Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near 6812 South Congress Avenue around 2020. Cite this Rastegar Property Company Acquires 35-Unit Multifamily In Austin sale when underwriting similar multifamily product around Austin, Texas.
On the Map
MultiFamily
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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