Marcus & Millichap Brokers Sale Of Rosslyn Heights Apartments In Houston
7015 Woodsman Trail
Building Size
—
Asset Type
MultiFamily
Closing
Mar 26, 2024
AI
The Rosslyn Heights Apartments, a 60-unit multifamily complex located at 7015 Woodsman Trail in northwest Houston, was sold on March 26, 2024. The property, built in 1985, features two-bedroom units and a playground, serving as an attractive investment opportunity in the Houston market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 60
- Market: Houston
- Brokers: Gregory Austin, Jackson Hart, Kyle Devillier & Travis Austin - Marcus & Millichap
The sale of Rosslyn Heights Apartments was facilitated by the renowned brokerage firm Marcus & Millichap. The transaction involved the representation of both buyer and seller by anonymous limited liability companies, showcasing the discreet nature of the deal carried out by the skilled agents at Marcus & Millichap.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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