Multifamily Property At 5360 South Elati Street Sells For $1.175M With MMG Real Estate Advisors

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.