SOLDMultiFamily
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
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.
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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