SPI Advisory Acquires 340-Unit Multifamily Property On South Good Latimer Expressway In Dallas
835 South Good-Latimer Expressway, Dallas, Texas 75201, United States
Building Size
—
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