Updated Dec 10, 2024
Multifamily Property At 5360 South Elati Street Sells For $1.175M With MMG Real Estate Advisors
5360 South Elati Street
$1,175,000
$184/SF
Building Size
6,375 SF
Asset Type
MultiFamily
Closing
Dec 6, 2024
About this deal
AI
A multifamily property was sold located at 5360 South Elati Street in Littleton, CO. The sale price was $1,175,000, comprising 8 units. The total square footage of the property is 6,375, resulting in a price per unit of $146,875 and a price per square foot of $184.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 8
- Square Footage: 6,375
- Price Per Unit: $146,875
- Price Per Square Foot: $184
- Market: Littleton, CO
The transaction was brokered by Austin Smith, Christian Burgdorf, and Jason Koch of MMG Real Estate Advisors. The buyer utilized a 1031 exchange for the acquisition and intends to renovate the remaining units while utilizing the property's cash flow and its proximity to downtown Littleton.
On the Map
$1,175,000
$184/SF
MultiFamily
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Littleton 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93