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Pinnacle Real Estate Advisors Facilitates Sale Of Vintage 12-Unit Property In Denver's West Wash Park Neighborhood
SOLD
$2,285,000
Illinois
See Similar DealsMultiFamily
Sold 07/07/2023
SOLD
Pinnacle Real Estate Advisors Facilitates Sale Of Vintage 12-Unit Property In Denver's West Wash Park Neighborhood
600 S Logan Street
See Similar DealsMultiFamily
Sold 07/07/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,118.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,832.07
Annual Debt Service$129,984.79
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