Updated Dec 20, 2023
DLP Capital Acquires Multifamily Property With Don Wenner & Avid Realty In Houston
7777 Katy Freeway, Houston, Texas 77024, United States
Units
402
Asset Type
MultiFamily
Closing
Apr 20, 2022
About this deal
AI
The multifamily property located at 7777 Katy Fwy in Houston has been sold in a recent transaction. The property consists of 402 units, making it a significant investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7777 Katy Fwy
- Market: Houston
- Units: 402
DLP Capital, represented by Don Wenner and Avid Realty, acted as the buyer in this transaction. Their involvement highlights their interest in acquiring quality multifamily assets in the Houston market.
Traded’s record for 7777 Katy Freeway, Houston, Texas 77024, United States in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 402 units across 402 units. Walker & Dunlop appears on the sale alongside Walker & Dunlop. This page is the Houston, Texas file for the 7777 Katy Freeway, Houston, Texas 77024, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 7777 Katy Freeway, Houston, Texas 77024, United States around 2022. Cite this DLP Capital Acquires Multifamily Property With Don Wenner & Avid Realty In Houston sale when underwriting similar multifamily product around Houston, Texas.
Players
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