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Pinnacle Real Estate Advisors Facilitates $3M Acquisition Of Englewood Multifamily Property
SOLD
$3,000,000
Colorado
See Similar DealsMultiFamily
Sold 11/15/2023
SOLD
Pinnacle Real Estate Advisors Facilitates $3M Acquisition Of Englewood Multifamily Property
3455 South Logan Street
See Similar DealsMultiFamily
Sold 11/15/2023
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
Pinnacle Real Estate Advisors has facilitated the acquisition of a multifamily property in Englewood, a Denver suburb, located at 3455 S. Logan St., for $3 million. The property consists of 19 units, and the price per unit comes to $157,895.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 19
- Price Per Unit: $157,895
Connor Knutson and Josh Newell from Pinnacle Real Estate Advisors acted as the brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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