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Chris Knowlton Of Pinnacle Real Estate Advisors Represents Both Buyer And Seller In $3.1M Sale Of Oxford Pines Apartments In Pueblo
SOLD
$3,100,000
Colorado
See Similar DealsMultiFamily
Sold 01/21/2025
SOLD
Chris Knowlton Of Pinnacle Real Estate Advisors Represents Both Buyer And Seller In $3.1M Sale Of Oxford Pines Apartments In Pueblo
1024 Oxford Street, 1026 Oxford Street & 28 Amherst Avenue
See Similar DealsMultiFamily
Sold 01/21/2025
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involved a MultiFamily asset located at 1024-1026 Oxford Street & 28 Amherst Avenue in Pueblo, CO. The property comprises 35 units and was sold at a price of $3,100,000, equating to approximately $88,571 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,100,000
- Units: 35
- Price Per Unit: $88,571
- Broker: Chris Knowlton - Pinnacle Real Estate Advisors
Chris Knowlton represented both the buyer and seller in this transaction, which involved the brokerage of the Oxford Pines Apartments. The sale took place on January 21, 2025, contributing to the multifamily market in Pueblo, Colorado.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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