Adam Rakoczy, Associate Advisor, Robert Lawson, Principal, and Luke Salazar, Vice President at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 1301 E 33^rd Avenue in Denver, CO. The 15-unit building sold on August 21^st for a Contract Price of $3,575,000 ($238,333/Unit). The property, built in 1961, consisted of 14 spacious 2-bedroom/1-bathroom units and 1 larger 1-bedroom/1-bathroom unit, on a corner lot with great curb appeal.  Adam Rakoczy, Robert Lawson and Luke Salazar represented the Buyer in the transaction.

“The Buyer’s patience truly paid off when he was able to close on this well-maintained asset after having looked at 10+ properties over the last few months. His portfolio already includes several commercial properties, but he is excited to acquire his first multifamily property to add to it. He intends to maintain the property in pristine condition and make the necessary repairs when they come up,” said Adam Rakoczy.