EAS Houston LLC Acquires Multifamily Property In Houston
7710 South Main Street
Building Size
880 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
AI
A multifamily property located at 7710 S Main St in Houston has been sold in a recent transaction. The property consists of 200 units and was sold by Urban Genesis to EAS Houston LLC. The sale was facilitated by brokers Scott Bray, Ryan Epstein, and Jennifer Ray of Walker & Dunlop.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7710 S Main St
- Market: Houston
- Units: 200
The sale of this multifamily property marks a significant transaction in Houston's real estate market. The involvement of brokers Scott Bray, Ryan Epstein, and Jennifer Ray from Walker & Dunlop demonstrates the expertise and professionalism behind this deal.
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