Mark Knowlton, Advisor; Jim Knowlton, Owner/Principal; and Chris Knowlton, Vice President at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 54 South Pennsylvania Street in Denver, CO. The 8-unit property sold on February 28th for a contract price of $900,000 ($112,500 per unit). The multifamily complex features (6) 1-bedroom/1-bath units, and two dorm style 1-bedroom units. Mark, Jim, and Chris Knowlton were Transaction Brokers in the transaction.

“It was a pleasure working with both buyer and seller on this transaction to successfully reach the closing table. Both sides successfully achieved their goals and are excited for the next chapter. The new owners are expected to break ground on the lot later this summer, as they begin to develop new construction townhomes in one of Denver’s most sought-after neighborhoods,” said Mark Knowlton.