Updated Oct 29, 2024
Civitas Capital Group Acquires 287-Unit Multifamily Property In Spring For Sale With Fidelis Realty
708 East Cypresswood Drive, Spring, Texas 77373, United States
Units
287
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 708 E Cypresswood Dr in Spring has been sold. The transaction took place on 12/09/2022. The property spans across 12.2 acres and consists of 287 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 708 E Cypresswood Dr
- Market: Spring
- Units: 287
- Acres: 12.2
The buyer of the property is Civitas Capital Group, represented by Rootvik Patel & Chandler Kyser. The seller of the property is Fidelis Realty.
Traded’s record for 708 East Cypresswood Drive, Spring, Texas 77373, United States in Spring, Texas covers a multifamily sale from 2022. Reported inventory is 287 units across 287 units. Named participants on the 708 East Cypresswood Drive, Spring, Texas 77373, United States sale are Chandler Kyser. This page is the Spring, Texas file for the 708 East Cypresswood Drive, Spring, Texas 77373, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Spring sit in the Market section below. Filter that Spring multifamily set by closing date to see what else sold near 708 East Cypresswood Drive, Spring, Texas 77373, United States around 2022. Cite this Civitas Capital Group Acquires 287-Unit Multifamily Property In Spring For Sale With Fidelis Realty sale when underwriting similar multifamily product around Spring, Texas.
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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