Jim Knowlton, Owner/Principal, Chris Knowlton, Vice President, and Quentin Shore, Advisor, at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of Rustic Aire and Rustic Arms Apartments located at 3440 S Corona Street and 3445 S Downing Street in Englewood, CO. The 2-property portfolio sold on December 18^th for a Contract Price of $12,600,000 ($177,465/Unit, $276/sf). The properties, built in 1970/1968, offer a combined total of 71 units, with 23 units at Rustic Aire and 48 units at Rustic Arms, and roughly twenty percent of the units having already been updated. Located just one block from Swedish Medical Center and Craig Hospital, the properties are walking distance to a variety of restaurants and retail on E Hampden Ave, and just three-quarters of a mile from South Broadway restaurants and retail. The Buyer assumed both of the Seller’s loans, which were fixed for another 7 years, at interest rates that were significantly below current market rates.  Jim, Chris, and Quentin worked with both parties involved in the transaction.