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3445 South Marion Street

Pinnacle Real Estate Advisors Brokers $5.1M Sale Of Kings Brook Arms Apartments In Englewood CO
SOLDMultiFamily

Pinnacle Real Estate Advisors Brokers $5.1M Sale Of Kings Brook Arms Apartments In Englewood CO

3445 South Marion Street & 3455 South Marion Street

$5,100,000

Building Size

Asset Type

MultiFamily

Closing

May 19, 2025

AI

The property involved in this transaction is the Kings Brook Arms Apartments, a multi-family asset located at 3445-3455 South Marion Street in Englewood, CO. The sale price was $5,100,000, translating to a price per unit of $150,000 for the 34 units within the property.

Summary of transaction details:

The transaction was facilitated by brokers Jim Knowlton, Mark Knowlton, and Chris Knowlton, representing the interest of one party in the deal. The identities of the buyer and seller remain undisclosed, ensuring privacy in the transaction details.

Players

Chris Knowlton

Pinnacle Real Estate Advisors

Broker

$26.7M

vol

7 deals

Broker

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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93