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8926 N Lamar BLVD, Austin, ...

8926 N Lamar BLVD
SOLDMultiFamily

8926 N Lamar BLVD

8926 N Lamar BLVD, Austin, TX, 78753

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is Aubry Hills, a 192-unit apartment complex located at 8926 N. Lamar Blvd. in North Austin, Texas. Built in 1973, the property features units with various floor plans that include balconies and washer/dryer connections. The complex offers amenities such as a pool, outdoor grilling and dining areas, a clubhouse, playground, and sport courts for tennis, basketball, and volleyball.

Summary of transaction details:

  • Property Type: Apartment complex
  • Transaction Amount: Not disclosed
  • Address: 8926 N Lamar Blvd, Austin, TX, 78753
  • Market: Austin
  • Seller's Representative: Bryan VanCura - NorthMarq
  • Buyer: Private Investor
  • Seller: Private Investor

The deal was represented by a team from NorthMarq, including Zar Haro, Moses Siller, Scott Lamontagne, Bryan VanCura, and Will Collier, who facilitated the transaction on behalf of the seller, a private investor.

Players

Moses Siller

NorthMarq

Broker

14 deals

Broker

Austin 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