Peter Sengelmann and Chris Knowlton, Vice Presidents at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of Northridge Apartments located at 565-585 Redcliff Circle in Ridgway, CO. The rare 24-unit property, comprised of one-, two-, and three-bedroom units in a limited supply market, sold on February 19^th for a contract price of $4,600,000 ($191,667 per unit; $223 per square foot). The property, located just 45 minutes north of Telluride and 15 minutes from Ouray, has been a cornerstone of the local housing market, and offered the Buyer both stability and value-add upside potential. Peter Sengelmann and Chris Knowlton represented the Seller in the transaction.

“The Seller first approached us in the spring of 2025 with the goal of taking the property to market in February 2026. Through some creative problem-solving, we were able to accelerate the timeline and structure a sale that allowed her to continue receiving cash flow after closing. Overall, it was a great outcome for the Seller,” said Sengelmann.

For more information on this sale please contact Peter Sengelmann at 303-962-9552 or PSengelmann@PinnacleREA.com or contact Chris Knowlton at 303-962-9566 or CKnowlton@PinnacleREA.com .