Updated Dec 4, 2024
Capstone Companies Facilitates $5.4M Sale Of The Ridge At 285 Multifamily Property
3490 South Carr Street
$5,400,000
Units
12
Asset Type
MultiFamily
Closing
Feb 5, 2024
About this deal
AI
The Ridge at 285, a newly constructed multifamily property in Lakewood, located at 3490 S. Carr St., was sold for $5.4 million. The property consists of 12 units with a price per unit of $450,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Units: 12
- Price Per Unit: $450,000
- Address: 3490 South Carr Street, Lakewood, CO
- Brokers: Christian Burgdof & Sean Holamon - Capstone Companies
Capstone Companies, represented by Christian Burgdof & Sean Holamon, facilitated the sale of The Ridge at 285 in Lakewood, CO. They successfully closed the deal for $5.4 million.
On the Map
$5,400,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93