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

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SOLD
$5,400,000

Colorado

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MultiFamily
Sold 02/05/2024
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Property Image
SOLD

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

3490 South Carr Street

See Similar Deals
MultiFamily
Sold 02/05/2024
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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:

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
2 deals$10.8M volume(303) 588-2119
BROKER

Christian Burgdof
Capstone Companies
1 deal$5.4M volume(908) 418-1799
BROKER

Details

SOLD
IMAGE: Christian Burgdof & Sean Holamon DATE: 02/05/2024 ADDRESS: 3490 South Carr Street MARKET: Lakewood, CO ASSET TYPE: Multifamily BROKERS: Christian Burgdof & Sean Holamon - Capstone Companies SALE PRICE: $5,400,000 UNITS: 12 ~ PPU: $450,000 NOTE: Capstone has facilitated the sale of The Ridge at 285, a newly constructed multifamily property in Lakewood, located at 3490 S. Carr St., for $5.4 million.

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Deal Type
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