Updated Dec 21, 2023
SOLDMultiFamily
McCann Realty Partners Acquires Multifamily Property In Houston With Matt Akin
9404 West Road, Houston, TX 77064
Units
526
Asset Type
MultiFamily
Closing
Jan 14, 2022
About this deal
AI
An apartment complex located at 9404 West Road in Houston has been sold in a recent transaction. The multifamily property consists of 526 units and spans across 26 acres. The sale took place on January 14, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 01/14/2022
- Address: 9404 West Road
- Market: Houston
- Number of Units: 526
- Size: 26 acres
McCann Realty Partners, represented by Matt Akin, acquired the property. Matt Akin acted as the representative of McCann Realty Partners in this transaction.
Players
Houston 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