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7015 Woodsman Trail

Marcus & Millichap Brokers Sale Of Rosslyn Heights Apartments In Houston
SOLDMultiFamily

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:

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

Gregory Austin

Marcus & Millichap

Broker

7 deals

Broker

Houston 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