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NorthPeak Advisors Facilitates $2.7M Copper Gold Apartments Sale In Golden, CO
SOLD
$2,700,000
Colorado
See Similar DealsMultiFamily4,464 SF
Sold 07/02/2024
SOLD
NorthPeak Advisors Facilitates $2.7M Copper Gold Apartments Sale In Golden, CO
510 24th Street
See Similar DealsMultiFamily4,464 SF
Sold 07/02/2024
Summary
COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$604
Total Square Footage:4,464 SF
Transaction Type:Sale
The Copper Gold Apartments, a 14-unit multifamily property located at 510 24th St. in Golden, Colorado, was sold for $2.7 million. This transaction resulted in a price per unit of $192,857 and a price per square foot of $605.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 14
- Price per Unit: $192,857
- Square Footage: 4,464
- Price per Square Foot: $605
- Address: 510 24th Street
- Market: Golden, CO
- Brokers: Joe Hornstein & Scott Fetter - NorthPeak Commercial Advisors
NorthPeak Commercial Advisors played a key role in facilitating the sale of the Copper Gold Apartments. The brokerage firm, represented by Joe Hornstein and Scott Fetter, successfully oversaw the transaction, showcasing their expertise in the real estate market of Golden, Colorado.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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