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6981 Ash Street

Updated Dec 4, 2024

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

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

About this deal

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.

On the Map

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$1,905,000

$163/SF

MultiFamily

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Players

Austin Smith

MMG Real Estate Advisors

Broker

$12M

vol

5 deals

Broker

Commerce City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $163 per square foot on a published $1.9M for 11,664 square feet (2024).

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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

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