Capstone Companies Closes $1.725M Sale Of Lakewood Multifamily Property
1646 Routt Street
$1,725,000
Units
9
Asset Type
MultiFamily
Closing
Dec 13, 2023
AI
Capstone Companies, represented by Austin Smith, has closed the sale of a 9-unit multifamily property located at 1646 Routt Street in Lakewood, CO for a total price of $1,725,000. The property offers a unique investment opportunity in the Lakewood market.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Units: 9
- Price Per Unit: $191,667
- Sale Date: December 13, 2023
- Market: Lakewood, CO
- Broker: Austin Smith - Capstone Companies
Austin Smith, from Capstone Companies, played a pivotal role in facilitating the successful sale of this 9-unit multifamily property. The transaction demonstrates Capstone's expertise and commitment to delivering exceptional results for their clients in the Lakewood market.
Lakewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93