The Multifamily Group (TMG) Acquires Multifamily Property In Houston
9255 West Sam Houston Parkway South, Houston, Texas 77036, United States
Building Size
—
Asset Type
MultiFamily
Closing
Sep 25, 2022
AI
An apartment complex located at 9255 W Sam Houston Pkwy S in Houston has been sold in a recent transaction. The multifamily property sale was facilitated by Bryce Smith from The Multifamily Group (TMG).
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Date: 09/26/2022
- Market: Houston
- Broker: Bryce Smith - The Multifamily Group (TMG)
This transaction marks the successful sale of the apartment complex, although the specific transaction amount was not disclosed. Bryce Smith from The Multifamily Group (TMG) played a crucial role in representing the buyer or seller during this deal.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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