Updated Mar 18, 2025
Pinnacle Real Estate Advisors Facilitates Sale Of Vintage 12-Unit Property In Denver's West Wash Park Neighborhood
600 S Logan Street
$2,285,000
Units
12
Asset Type
MultiFamily
Closing
Jul 7, 2023
About this deal
AI
The vintage 12-unit Virginia Marie Apartments, located at 600 S Logan Street in Denver's West Wash Park neighborhood, has been sold for a total price of $2,285,000. The property, classified as a MultiFamily asset, offers 12 units at an average price per unit of $190,417.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,285,000
- Units: 12
- Price Per Unit: $190,417
- Market: Denver, CO
Pinnacle Real Estate Advisors, LLC, represented by the Knowlton Lawson Team, facilitated the sale of the Virginia Marie Apartments. Chris Knowlton, Jim Knowlton, and Mark Knowlton from Pinnacle Real Estate Advisors were responsible for overseeing the transaction.
On the Map
$2,285,000
MultiFamily
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Creal Springs 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
6.94%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93