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

Property Image
SOLD
$4,125,000

Colorado

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MultiFamily
Sold 12/22/2023
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Property Image
SOLD

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

1000 South Logan Street

See Similar Deals
MultiFamily
Sold 12/22/2023
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

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
3 deals$15.9M volume
BROKER

Jason Koch
MMG Real Estate Advisors
4 deals$20.5M volume
BROKER

Details

SOLD
IMAGE: Adam Riddle & Jason Koch DATE: 12/22/2023 ADDRESS: 1000 South Logan Street MARKET: Denver, CO ASSET TYPE: Multifamily BROKERS: Adam Riddle & Jason Koch - Capstone Companies SALE PRICE: $4,125,000 NOTE: Capstone has successfully closed the sale of a 20-unit multifamily property at 1000 S Logan Street in Denver, Colorado, for $4,125,000.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$220,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25