Updated Sep 5, 2024
Anchor Belmont Acquires 36-Unit Multifamily Property In Pueblo, CO For $3.6M
1408 East 21st Street Pueblo, Colorado 81001, USA
$3,600,000
Units
36
Asset Type
MultiFamily
Closing
Aug 7, 2023
About this deal
AI
Belmont Heights Apartments, a multifamily community with 36 units located at 1408-1224 E. 21st St in Pueblo, CO, has been sold for $3.6 million. The property was facilitated by Cushman & Wakefield in this transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,600,000
- Units: 36
- Price per Unit: $100,000
Cushman & Wakefield's brokers, Jeff Dimmen and Lee Wagner, played a crucial role in the successful sale of Belmont Heights Apartments. Their expertise and assistance were instrumental in facilitating the transaction and ensuring a smooth process for the buyer, Anchor Belmont.
Players
Loveland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeff Dimmen to view all their deals.
Browse Loveland multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93