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1000 South Logan Street

Capstone Companies Closes Sale Of Multifamily Property In Denver For $4.1M
SOLDMultiFamily

Capstone Companies Closes Sale Of Multifamily Property In Denver For $4.1M

1000 South Logan Street

$4,125,000

Units

20

Asset Type

MultiFamily

Closing

Dec 22, 2023

AI

Capstone Companies, represented by Adam Riddle and Jason Koch, has successfully closed the sale of a 20-unit multifamily property located at 1000 S Logan Street in Denver, Colorado. The property was sold for a total price of $4,125,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,125,000
  • Address: 1000 S Logan Street, Denver, CO
  • Market: Denver, CO

This transaction marks a significant milestone for Capstone Companies, who were able to secure a successful sale for the 20-unit multifamily property. The deal was facilitated by Adam Riddle and Jason Koch from Capstone Companies, who served as the brokers representing the buyer and seller in the transaction.

Players

Adam Riddle

Capstone Companies

Broker

$15.9M

vol

3 deals

Broker

Denver 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

3.85%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93