Updated Oct 29, 2024
Sam Morris Sells Multifamily Property In Humble For $11.05M With Meridian Capital Group's Representation
6910 Old North Belt Drive, Humble, TX, USA
$11,050,000
$9,667/SF
Building Size
1,143 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
About this deal
AI
A multifamily property located at 6910 Old North Belt Drive in Humble has been sold. The sale was facilitated by brokers Hannah Howard and Jonathan Zilber from the Meridian Capital Group. The property was sold by Sam Morris of Rockstar Capital for a total price of $11,050,000. The transaction took place on April 12, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,050,000
- Address: 6910 Old North Belt Drive
- Market: Humble
Hannah Howard and Jonathan Zilber, representing the Meridian Capital Group, played an integral role in both the sale and financing of the property. They successfully facilitated the transaction between the buyer and seller, ensuring a smooth process from start to finish.
Players
Humble 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93