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3490 South Carr Street

Capstone Companies Facilitates $5.4M Sale Of The Ridge At 285 Multifamily Property
SOLDMultiFamily

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

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:

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.

Players

Sean Holamon

Capstone Companies

Broker

$10.8M

vol

2 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93