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8220 West 16th Place Lakewo...

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

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

8220 West 16th Place Lakewood, CO 80214, USA

$3,600,000

Building Size

Asset Type

MultiFamily

Closing

Aug 1, 2023

AI

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

Broker

$5M

vol

2 deals

Broker

Lakewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93