Updated Oct 29, 2024
Weinstein Properties Acquires Property On 901 Grange Hall Rd In Euless Texas With Seller's Reps Drew Kile And Joey Tumminello
901 Grange Hall Rd, Euless, TX, 76039
Units
200
Asset Type
MultiFamily
Closing
Oct 8, 2019
About this deal
AI
The Flats at 901 is a 200-unit apartment community located at 901 Grange Hall Rd, Euless, TX, 76039, nestled in the Euless market northeast of Fort Worth. The property features newly constructed units equipped with quartz countertops, stainless steel appliances, and individual washers and dryers. The amenities include a pool area with an outdoor kitchen, a game area, and a fitness center.
Summary of transaction details:
- Property Type: Apartment Community
- Transaction Amount: Not disclosed
- Address: 901 Grange Hall Rd, Euless, TX, 76039
- Market: Euless
- Seller's Representative: Drew Kile - Institutional Property Advisors, Joey Tumminello - Institutional Property Advisors
- Buyer: Weinstein Properties
Institutional Property Advisors (IPA) facilitated this transaction by negotiating between the seller, The NRP Group, and the buyer, Weinstein Properties, based in Virginia. The team members involved from IPA include Will Balthrope, Drew Kile, and Joey Tumminello.
Players
Euless 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