Littleton Apartments Fetch $179K/Unit!
Posted on June 21, 2019
Josh Newell, Principal with the Newell Team at Pinnacle Real Estate Advisors, LLC is pleased to announce the sale 841 W Prentice & 5290 S Huron Way in Littleton, Colorado. The 19-unit apartment portfolio was built between 1962-1971 and sold on June 19th with a contract price of $3,400,000; $178,947 per unit and $196.63 per square foot.
“This sale sets a new high-water mark for this Littleton neighborhood at almost $179,000/unit. We were able to achieve 99% of our list price to a local Buyer who had been looking to acquire an asset in Littleton with cash available from a recent refinance. It is an amazing price considering that almost half the units in this sale were 1Bd/1Ba.” stated Newell.