Updated Dec 21, 2023
Tides Equities And North Point Capital Group Acquire 176-Unit Multifamily Property In Fort Worth, TX
8841 Avril Court North, Fort Worth, Texas 76116, United States
Building Size
139,776 SF
Asset Type
MultiFamily
Closing
Aug 1, 2022
About this deal
AI
An apartment complex located at 8841 Avril Ct. N. in Fort Worth, TX has been sold in a recent transaction. The multifamily property consists of 176 units and spans across 139,776 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 176
- Square Footage: 139,776
- Address: 8841 Avril Ct. N., Fort Worth, TX
- Market: Fort Worth, TX
Tides Equities represented by Sean Kia and Ryan Andrade, along with North Point Capital Group represented by David P. Zar and Shawn Hakimian, were the buyers in this deal.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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