Updated Dec 21, 2023
Greg Miller & Jon Krebbs Of The Multifamily Group Sell 88-Unit Multifamily Property In Irving
707 Metker Street, Irving, Texas 75062, United States
Building Size
15,150 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
An 88-unit multifamily property located at 707 Metker St in Irving has been sold. The transaction took place on 05/17/2022, with brokers Greg Miller and Jon Krebbs from The Multifamily Group representing the parties involved. The property spans across 4.5 acres and is situated in a desirable market.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 707 Metker St
- Market: Irving
- Units: 88
- Acreage: 4.5
Greg Miller and Jon Krebbs, representing The Multifamily Group, facilitated the sale of this multifamily property. The transaction took place on the specified date, and the property is located in the thriving market of Irving.
On the Map
MultiFamily
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Irving MultiFamily Market Snapshot
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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