SOLDMultiFamily
Elizabeth Property Group Acquires 202-Unit Multifamily Asset In Dallas
8550 Midpark Rd, Dallas, TX, USA
Building Size
525 SF
Asset Type
MultiFamily
Closing
Jul 19, 2021
AI
The multifamily property located at 8550 Midpark Rd in Dallas has recently been sold. The transaction, which took place on July 20, 2021, involved the sale of a property consisting of 202 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Date: 07/20/2021
- Address: 8550 Midpark Rd, Dallas
- Market: Dallas
- Units: 202
The buyer in this transaction was Elizabeth Property Group. The deal was facilitated by Mark Allen of Greystone, who represented the buyer in the sale.
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