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Dallas, TX, USA

Updated Oct 28, 2024

Aryia Balazadeh's Milon Capital Acquires Multifamily Property In Dallas
SOLDOther

Aryia Balazadeh's Milon Capital Acquires Multifamily Property In Dallas

Dallas, TX, USA

Units

650

Asset Type

Other

Closing

Aug 16, 2021

About this deal

AI

The multi-family property located on a corner lot in Dallas has been sold. The property spans approximately 6,433 square feet and was purchased by Aryia Balazadeh of Milon Capital. The transaction took place on 08/17/2021 in the Dallas market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Buyer: Aryia Balazadeh - Milon Capital
  • Market: Dallas
  • Square Footage: 6,433

The multi-family property is situated on a corner lot and is just minutes away from the famous Downtown Dallas center. With a lot size of approximately 6,400 square feet, there is potential for future development to add additional units. Aryia Balazadeh of Milon Capital, the buyer, is actively seeking other multi-family or portfolio acquisitions. For more information, interested parties can reach out to Aryia Balazadeh at [email protected].

Players

Dallas Other Market Snapshot

Boundary boundary · Other · 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

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