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Austin Smith Of Capstone Companies Facilitates $1.905M Sale Of Multifamily Property

Property Image
SOLD
$1,905,000

Colorado

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MultiFamily11,664 SF
Sold 05/22/2024
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Property Image
SOLD

Austin Smith Of Capstone Companies Facilitates $1.905M Sale Of Multifamily Property

6981 Ash Street

See Similar Deals
MultiFamily11,664 SF
Sold 05/22/2024
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Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:11,664 SF
Transaction Type:Sale

The property at 6981 Ash Street in Commerce City, CO, is a 14-unit multifamily asset spanning 11,664 square feet. The recent transaction involved a sale price of $1,905,000, equating to a price per unit of $136,071 and a price per square foot of $163.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,905,000
  • Units: 14
  • Price Per Unit: $136,071
  • Square Footage: 11,664
  • Price Per Square Foot: $163
  • Address: 6981 Ash Street, Commerce City, CO
  • Market: Commerce City, CO

Austin Smith from Capstone Companies played a crucial role in finalizing the transaction, representing the buyer in the acquisition of the multifamily property. Capstone, under the guidance of Austin Smith, facilitated the successful sale of the property at 6981 Ash Street.

Players

Austin Smith
5 deals$12M volume(303) 868-9096
BROKER

Details

SOLD
IMAGE: 05/22/2024 ADDRESS: 6981 Ash Street MARKET: Commerce City, CO ASSET TYPE: Multifamily BROKER: Austin Smith - Capstone Companies SALE PRICE: $1,905,000 UNITS: 14 ~ PPU: $136,071 SF: 11,664 ~ PPSF: $163 NOTE: Capstone finalized the sale of 6981 Ash Street in Commerce City, a 14-unit multifamily property, for $1.905 million, with Austin Smith of Capstone representing the buyer.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,768.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,030.67
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