Pinnacle Real Estate Advisors Brokers $4.5M Sale Of Multifamily Property In Wheat Ridge, CO
SOLD
$4,500,000
Colorado
See Similar DealsMultiFamily
Sold 11/21/2022
SOLD
Pinnacle Real Estate Advisors Brokers $4.5M Sale Of Multifamily Property In Wheat Ridge, CO
3330 Ames Street
See Similar DealsMultiFamily
Sold 11/21/2022
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 3330 Ames Street in Wheat Ridge, CO has been sold for a total price of $4,500,000. The property is situated in a thriving market and offers attractive investment opportunities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Brokers: Chris Knowlton, Mark Knowlton & Josh Newell - Pinnacle Real Estate Advisors
This sale was facilitated by the brokerage firm Pinnacle Real Estate Advisors, with brokers Chris Knowlton, Mark Knowlton, and Josh Newell working on behalf of the parties involved in the deal. Their expertise and knowledge of the market played a crucial role in ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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