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Pinnacle Real Estate Advisors Facilitates $3.6M Sale Of Lakewood Multifamily Property

Property Image
SOLD
$3,600,000
Charlie Mitelhaus
RL
AM

Colorado

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MultiFamily
Sold 08/01/2023
the dealplayerscompscontact
Property Image
SOLD

Pinnacle Real Estate Advisors Facilitates $3.6M Sale Of Lakewood Multifamily Property

8220 West 16th Place Lakewood, CO 80214, USA

See Similar Deals
MultiFamily
Sold 08/01/2023
Charlie Mitelhaus
RL
AM
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Transaction Type:Sale

Pinnacle Real Estate Advisors recently orchestrated the sale of an apartment building located at 8220 W. 16th Place in Lakewood, Colorado. The multifamily property was sold for a price of $3.6 million, making it a significant transaction in the local market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 8220 W. 16th Place, Lakewood, CO
  • Market: Lakewood, CO

Andrew Monette, Robert Lawson, and Charlie Mitelhaus from Pinnacle Real Estate Advisors played a crucial role as brokers in this sale. Their expertise and efforts contributed to the successful transaction of the apartment building, which is situated in the western region of Denver. The sale price of $3.6 million reflects the value and potential of this property.

Players

Charlie Mitelhaus
Charlie Mitelhaus
2 deals$5M volume
BROKER
RL
Pinnacle Real Estate Advisors
Robert Lawson
3 deals$12.9M volume
BROKER
AM
Pinnacle Real Estate Advisors
Andrew Monette
2 deals$6.1M volume
BROKER

Details

SOLD
IMAGE: Andrew Monette, Robert Lawson & Charlie Mitelhaus DATE: 08/01/2023 ADDRESS: 8220 W. 16th Place MARKET: Lakewood, CO ASSET TYPE: Multifamily BROKERS: Andrew Monette, Robert Lawson & Charlie Mitelhaus - Pinnacle Real Estate Advisors SALE PRICE: $3,600,000 NOTE: Pinnacle Real Estate Advisors orchestrated the sale of an apartment building at 8220 W. 16th Place in Lakewood, located west of Denver, for $3.6 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
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