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
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