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Capstone Companies Closes $1.725M Sale Of Lakewood Multifamily Property

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SOLD
$1,725,000

Colorado

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MultiFamily
Sold 12/13/2023
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Property Image
SOLD

Capstone Companies Closes $1.725M Sale Of Lakewood Multifamily Property

1646 Routt Street

See Similar Deals
MultiFamily
Sold 12/13/2023
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Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

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
5 deals$12M volume(303) 868-9096
BROKER

Details

SOLD
IMAGE: Austin Smith DATE: 12/13/2023 ADDRESS: 1646 Routt Street MARKET: Lakewood, CO ASSET TYPE: Multifamily BROKER: Austin Smith - Capstone Companies SALE PRICE: $1,725,000 UNITS: 9 ~ PPU: $191,667 NOTE: Capstone has successfully closed the sale of a 9-unit multifamily property at 1646 Routt Street in Lakewood for $1,725,000.

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Operating Income
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Net Operating Income (NOI)

$91,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56