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9255 W Sam Houston Pkwy S, ...

Buyer Of Multifamily Group Represents Buyer In Sale Of Property On W Sam Houston Pkwy In Houston
SOLDMultiFamily

Buyer Of Multifamily Group Represents Buyer In Sale Of Property On W Sam Houston Pkwy In Houston

9255 W Sam Houston Pkwy S, Housto...

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is Glenwood Apartment Homes, a multifamily asset located at 9255 W Sam Houston Pkwy S, Houston. Built in 1981, it comprises 60 units featuring one- and two-bedroom layouts with an average size of 971 square feet. The apartments are equipped with granite countertops, walk-in closets, and washer/dryer connections. Communal amenities available to residents include a pool and onsite laundry facilities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Undisclosed
  • Address: 9255 W Sam Houston Pkwy S, Houston
  • Market: Houston
  • Buyer: Undisclosed
  • Seller: Undisclosed
  • Buyer's Representative: Bryceson (Bryce) Smith - The Multifamily Group
  • Seller's Representative: Bryceson (Bryce) Smith - The Multifamily Group
  • Year Built: 1981

In this transaction, Bryce Smith of The Multifamily Group represented both the undisclosed buyer and seller, who opted for confidentiality throughout the deal. The brokerage firm TMG, based in Dallas, facilitated the intricacies of this sale, ensuring a seamless process for both parties involved.

Players

Bryceson Smith

The Multifamily Group

Broker

13 deals

Broker

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