Updated Dec 21, 2023
Barvin Acquires 326-Unit Multifamily Property In Houston
825 Usener Street, Houston, TX 77009
Units
326
Asset Type
MultiFamily
Closing
Dec 23, 2021
About this deal
AI
825 Usener Street, a multifamily property located in Houston, was recently sold in a closed transaction. The sale took place on 12/23/2021, and the property consists of 326 units. Eric Barvin, represented by Barvin - Eric Barvin, was the buyer in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Units: 326
The sale of 825 Usener Street signifies a significant transaction in the Houston real estate market. The property's location and multifamily nature make it an attractive investment opportunity. Additionally, the involvement of Eric Barvin, represented by Barvin - Eric Barvin, highlights the interest of experienced investors in the property.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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