Updated Dec 12, 2024
Continental Realty Group & MLG Capital Acquires 112-Unit Multifamily Property In Durango, CO For $32.75M
1000 Goeglein Gulch, Durango, Colorado 81301, United States
$32,750,000
Units
112
Asset Type
MultiFamily
Closing
Sep 20, 2022
About this deal
AI
The multifamily property located at 1000 Goeglein Gulch in Durango, CO has been sold in a closed transaction. The property consists of 112 units and was sold for a total price of $32,750,000, resulting in a price per unit of $292,410.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,750,000
- Address: 1000 Goeglein Gulch, Durango, CO
- Market: Durango, CO
- Buyer: Continental Realty Group & MLG Capital
- Units: 112
- Price Per Unit: $292,410
The buyer involved in this transaction are Continental Realty Group and MLG Capital. They represent the buyer's side in the deal.
Players
Durango MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93