Updated Dec 4, 2024
Kaufman Hagan Commercial Real Estate Completes $2.8M Multifamily Sale In Denver
1005 West 14th Avenue & 1017 West 14th Avenue
$2,800,000
$93/SF
Building Size
15,033 SF
Asset Type
MultiFamily
Closing
Apr 15, 2024
About this deal
AI
The sale involved a townhome-style apartment building located at 1005-1017 West 14th Avenue in Denver, CO. The transaction took place on 04/15/2024, with a sale price of $2,800,000. The building spans 15,033 square feet, resulting in a price per square foot of $186.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 1005-1017 West 14th Avenue
- Market: Denver, CO
Brandon Kaufman from Kaufman Hagan Commercial Real Estate served as the broker facilitating the sale of the property. The transaction amounted to $350,000 per unit and signifies another successful deal in downtown Denver's real estate market.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93