Updated Jan 22, 2025
Pinnacle Real Estate Advisors Sells Timberglen Apartments Multifamily In Craig For $4.9M
3465 Douglas Street
$4,900,000
Units
54
Asset Type
MultiFamily
Closing
May 22, 2024
About this deal
AI
The transaction involved the sale of Timberglen Apartments, a multifamily property situated at 3465 Douglas Street in Craig, Colorado. The sale price was $4,900,000 for the 54 units, resulting in a price per unit of $90,741.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Units: 54
- Price Per Unit: $90,741
- Address: 3465 Douglas Street
- Market: Craig, CO
Kenny Clarke and Michael Krebsbach from Pinnacle Real Estate Advisors represented the sale, orchestrating the terms and completion of this deal for the Timberglen Apartments property.
Players
Craig 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93