Updated Dec 19, 2023
Capstone Acquires 20-Unit Multifamily In Colorado Springs For $7.1M
676 West Monument Street, Colorado Springs, Colorado 80905, United States
$7,100,000
Units
20
Asset Type
MultiFamily
Closing
Jul 17, 2022
About this deal
AI
The multifamily property located at 676 W Monument St in Colorado Springs, CO has been sold for a total price of $7,100,000. The property consists of 20 units, resulting in a price per unit (PPU) of $355,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Units: 20
- PPU: $355,000
The sale of this multifamily property was facilitated by Pat Knowlton & Jeff Dimmen from Capstone. They represented the buyers and sellers in this transaction.
The multifamily sale at 676 West Monument Street, Colorado Springs, Colorado 80905, United States in Colorado Springs, Colorado sold for $7.1M in 2022. Reported inventory is 20 units across 20 units. Pat (Patrick) Knowlton, Jeff Dimmen, Capstone Companies appear on the sale alongside Capstone Companies. This page is the Colorado Springs, Colorado file for the 676 West Monument Street, Colorado Springs, Colorado 80905, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Colorado Springs sit in the Market section below. Filter that Colorado Springs multifamily set by closing date to see what else sold near 676 West Monument Street, Colorado Springs, Colorado 80905, United States around 2022. Published consideration for 676 West Monument Street, Colorado Springs, Colorado 80905, United States is $7.1M, dated 2022. Cite this Capstone Acquires 20-Unit Multifamily In Colorado Springs For $7.1M sale when underwriting similar multifamily product around Colorado Springs, Colorado.
Players
Colorado Springs 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93