Updated Oct 29, 2024
Amplify Development Co Acquires Multifamily Property In Denver, CO For $41.3M
1920 South University Boulevard, Denver, Colorado 80210, United States
$41,300,000
Units
84
Asset Type
MultiFamily
Closing
Jun 12, 2022
About this deal
AI
The multifamily property located at 1920 South University Blvd in Denver, CO has been sold in a recent transaction. The sale took place on 12/06/2022 with a sale price of $41,300,000. The property consists of 84 units, resulting in a price per unit of $491,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $41,300,000
- Address: 1920 South University Blvd, Denver, CO
- Market: Denver, CO
- Buyer: Amplify Development Co
- Seller: Zais Group & Preiss Co
- Total Units: 84
- Price Per Unit: $491,667
The buyer of the property is Amplify Development Co, while the seller is Zais Group & Preiss Co.
Players
Denver 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93