Updated Jun 10, 2025
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
About this deal
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.
On the Map
MultiFamily
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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