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Monterra Capital Partners Acquires 124-Unit Multifamily Asset In Austin From Muskin Elam Group
SOLD
Texas
See Similar DealsMultiFamily
Sold 08/26/2024
SOLD
Monterra Capital Partners Acquires 124-Unit Multifamily Asset In Austin From Muskin Elam Group
7905 San Felipe Boulevard
See Similar DealsMultiFamily
Sold 08/26/2024
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involved a 124-unit multifamily apartment complex located at 7905 San Felipe Boulevard in Austin. The property, built in 1984, features one- and two-bedroom units along with various amenities. The acquisition aligns with plans for a value-add renovation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 124
- Address: 7905 San Felipe Boulevard
- Market: Austin
- Buyer: Monterra Capital Partners
- Broker: Daniel Elam - Muskin | Elam Group
Muskin | Elam Group facilitated the sale, representing the interests of Monterra Capital Partners in this closed transaction. This deal showcases the ongoing investment interest in the Austin multifamily real estate market.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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