Austin Smith Of Capstone Companies Facilitates $1.905M Sale Of Multifamily Property
6981 Ash Street
$1,905,000
$163/SF
Building Size
11,664 SF
Asset Type
MultiFamily
Closing
May 22, 2024
AI
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.
Commerce City 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
8.33%
Cash-on-Cash
-2.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93