BeazWorkz Investing Acquires 160-Unit Multifamily Property In Irving For Undisclosed Amount
700 South Story Road, Irving, TX, USA
Building Size
1,637 SF
Asset Type
MultiFamily
Closing
Dec 2, 2020
AI
A multifamily property located at 700 S. Story Road in Irving was recently sold on 12/03/2020. The property consists of 160 units and is situated in the market of Irving.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Seller: Elmstone Group
- Buyer: BeazWorkz Investing
- Brokers: Chris Deuillet & William Hubbard - CBRE
The sellers of the property were Elmstone Group, while the buyers were BeazWorkz Investing. The transaction was facilitated by brokers Chris Deuillet and William Hubbard from CBRE.
Players
Irving 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