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Capstone Companies Facilitates $5.4M Sale Of The Ridge At 285 Multifamily Property
SOLD
Colorado
See Similar DealsMultiFamily
Sold 02/05/2024
SOLD
Capstone Companies Facilitates $5.4M Sale Of The Ridge At 285 Multifamily Property
3490 South Carr Street
See Similar DealsMultiFamily
Sold 02/05/2024
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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