Updated Oct 12, 2026
Metro Venture Properties Sells Applewood Townhomes Multifamily In Lakewood For $6.55M
11611 West 16th Avenue
$6,550,000
Units
12
Asset Type
MultiFamily
Closing
Oct 7, 2026
About this deal
AI
A 12-unit multifamily property, known as Applewood Townhomes, was located at 11611 West 16th Avenue in Lakewood, Colorado. The property was sold for $6.55 million, translating to a price per unit of $545,833.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $6,550,000
- Number of Units: 12
- Price Per Unit: $545,833
- Seller: Metro Venture Properties
- Brokers: Matthew Berk & Clayton Primm - Marcus & Millichap
- Market: Lakewood, CO
The sale involved a Southern California investor utilizing a 1031 exchange for the transaction, highlighting a strategic investment move within the multifamily sector.
On the Map
$6,550,000
MultiFamily
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Players
Chaptico 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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93