RockFarmer Acquires 558-Unit Multifamily Property In Austin From Lion Real Estate Group
7900 San Felipe Boulevard, Austin, Texas 78729, United States
Building Size
—
Asset Type
MultiFamily
Closing
Apr 24, 2022
AI
Three multifamily properties in Austin have recently been sold in a closed transaction. The properties include 7900 San Felipe Blvd, 12330 Metric Boulevard, and 2201 Willow Creek Dr. This multifamily portfolio comprises a total of 558 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Austin
- Units: 558
RockFarmer has acquired the properties from Lion Real Estate Group. The transaction was facilitated by the brokers, Jim Young and Chase Easley, from Newmark.
Players
Austin 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