AmCal Equities Acquires 311-Unit Apartment Complex In Houston
2424 Capitol St, Houston, TX 77003, USA
Building Size
1,222 SF
Asset Type
Other
Closing
Aug 17, 2020
About this deal
AI
An apartment complex located at 2424 Capital Street in Houston has been sold. The transaction took place on August 18, 2020. The property, consisting of 311 units, was purchased by AmCal Equities, LLC.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: Not specified
The deal was facilitated by Lane Kommer from Henry S. Miller Brokerage, who represented the buyer, AmCal Equities, LLC, in the transaction.
Traded’s record for 2424 Capitol St, Houston, TX 77003, USA in Houston, Texas covers a other sale from 2020. Reported inventory is 1,222 square feet across 311 units, or about 0 per square foot. Named participants on the 2424 Capitol St, Houston, TX 77003, USA sale are Lane Kommer. This page is the Houston, Texas file for the 2424 Capitol St, Houston, TX 77003, USA other sold: pricing, party profiles, and other closed other comps from the same Houston sit in the Market section below. Filter that Houston other set by closing date to see what else sold near 2424 Capitol St, Houston, TX 77003, USA around 2020. Cite this AmCal Equities Acquires 311-Unit Apartment Complex In Houston sale when underwriting similar other product around Houston, Texas.
Players
Houston Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas other sales on Traded.
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