Updated Oct 29, 2024
Blueline Equity Partners Acquires Montrose Multifamily For $33.5M
41 W North 6th St, Montrose, Colorado 81401, United States
$33,500,000
Units
296
Asset Type
MultiFamily
Closing
Jan 23, 2023
About this deal
AI
A multifamily property located at 41 West North 6th St in Montrose, CO has been sold for $33,500,000. The property consists of 296 units, with a price per unit of $113,176.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,500,000
- Address: 41 West North 6th St, Montrose, CO
- Market: Montrose, CO
- Buyer: Blueline Equity Partners
- Broker: Northmarq
- Units: 296
- Price Per Unit: $113,176
Blueline Equity Partners, represented by Northmarq, were the buyers in this transaction.
The multifamily sale at 41 W North 6th St, Montrose, Colorado 81401, United States in Montrose, Colorado sold for $33.5M in 2023. Reported inventory is 296 units across 296 units. This page is the Montrose, Colorado file for the 41 W North 6th St, Montrose, Colorado 81401, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Montrose sit in the Market section below. Filter that Montrose multifamily set by closing date to see what else sold near 41 W North 6th St, Montrose, Colorado 81401, United States around 2023. Published consideration for 41 W North 6th St, Montrose, Colorado 81401, United States is $33.5M, dated 2023. Cite this Blueline Equity Partners Acquires Montrose Multifamily For $33.5M sale when underwriting similar multifamily product around Montrose, Colorado.
Players
Montrose 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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93