Texas 200+ Unit Multifamily For Sale
Just off the major "loop" and within walking distance to major retailers at the only shopping mall in the region.
Located on the coastal plains of Texas between Corpus Christi and Houston. Best quality apartment complex in the city
NOI is year 2016 budget.
RECOURSE Loan in place: Current loan balance approx. $18,225,000, 4.75% interest, 25-yr Am, Annual debt service $1,246,836. Annual Cash Flow $384,831. Cash on Cash: 4.44%. 4-year loan term.
The $18.225 million construction lender will consider assumption and modification of terms to assist buyer.
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