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Details

Aug 1, 2019Seeking buyer for Texas multifamily apartment complex with swimming pool and a mix of recently renovated 1 and 2-bedroom apartments. Walking distance to shops, restaurants and entertainment venues, as well as easy access to major highways and public transit.

Price: $10,500,000
No Units: 120+ units
NOI: $692,000
Class: B
85% rehabbed, 95% occupied/stabilized
Leveraged IRR: 16%
Cap Rate: 6.5%
COC: Avg 6%


Please note: This is a private, highly confidential offering to accredited investors and buyers only. All investors will be required to sign a non-disclosure, conference call with seller’s attorney, and provide verifiable proof of funds.

We honor cooperative broker commissions and finders fees.

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