1732 W Mosier Place Sold for $1,010,000
Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, LLC, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, LLC, announce the sale of 1732 West Mosier Place in Denver, Colorado. The 10-unit property, built in 1956, sold on November 18th with a contract price of $1,010,000; $101,000 per unit and $165.52 per square foot. The property, located about one mile from the Broadway Station Redevelopment site, featured large one and two bedroom units with off-street parking and a brand new roof.
“This was the upleg in the buyer’s 1031 exchange. He plans to upgrade the property over time and increase the currently low rents to market rates,” said Chris Knowlton.
The Knowlton Lawson Team represented the buyer in the transaction.