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8601 Meta Street

Divergent Investments Acquires 24-Unit Multifamily Property On Meta Street From RC Investment Properties
SOLDMultiFamily

Divergent Investments Acquires 24-Unit Multifamily Property On Meta Street From RC Investment Properties

8601 Meta Street

Building Size

18,000 SF

Asset Type

MultiFamily

Closing

Aug 19, 2024

AI

The property asset involved in the transaction is a MultiFamily unit consisting of 24 units, located at 8601 Meta Street in the Houston market. The transaction was completed on 08/19/2024.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not specified
  • Units: 24
  • Address: 8601 Meta Street
  • Market: Houston

The buyer for this transaction was Divergent Investments, while the seller was RC Investment Properties, represented by Michael Rosen and Bradley Couch. The brokers involved in the deal were Tom Wilkinson and Sylvia Coronado from KET Enterprises.

Players

Tom Wilkinson

KET Enterprises

Broker

3 deals

Broker
RC Investment Properties
RC Investment PropertiesBrokerage
Michael Rosen

Michael Rosen

RC Investment Properties

Seller

7 deals

Seller

Houston 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