Progress Residential Acquires Multifamily Property In Fort Worth From DFW Housing Partners
7113 9th Hole Drive, Fort Worth, TX, USA
Building Size
—
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
A multifamily property located at 8539-8589 Mulligan Pass & 7113-7177 Ninth Hole Drive in Fort Worth has been sold. The sale took place on December 3, 2021. The property is situated in the Fort Worth market and is categorized as a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 8539-8589 Mulligan Pass & 7113-7177 Ninth Hole Drive, Fort Worth
- Market: Fort Worth
The buyer of the property is Progress Residential, while the seller is DFW Housing Partners. The brokerage firm involved in the deal is Colliers, represented by Jim Humphries.
Players
Fort Worth 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