SPI Advisory Acquires 340-Unit Multifamily Property On South Good Latimer Expressway In Dallas
835 South Good-Latimer Expressway, Dallas, Texas 75201, United States
Units
340
Asset Type
MultiFamily
Closing
Jul 26, 2022
AI
The multifamily property located at 835 South Good Latimer Expressway in Dallas has been sold in a recent transaction. The property consists of 340 units and was listed for sale on Instagram by Michael Becker on July 27, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 07/27/2022
- Address: 835 South Good Latimer Expressway
- Market: Dallas
- Number of Units: 340
SPI Advisory, represented by Michael Becker, acted as the buyer in this transaction. The seller was PURE Multi-Family REIT.
Players
Dallas 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