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1646 Routt Street

Capstone Companies Closes $1.725M Sale Of Lakewood Multifamily Property
SOLDMultiFamily

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.

Players

Austin Smith

MMG Real Estate Advisors

Broker

$12M

vol

5 deals

Broker

Lakewood 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

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93