Pinnacle Announces the Sale of a 12 Unit Apartment Building in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1970-1990 West Pacific Place, Denver, CO 80222. This 12-unit multifamily property was built in 1985 and is located just west of Platt Park. The three buildings are made up of all one bedroom units. The property sold on April 17, 2017 for $1,185,000, or $98,750 per unit. Eric Veith from the Hornstein│Fetter Apartment Group, represented both sides in this transaction.
“This was a long-term owner that had decided it was time to move on,” according to Veith. “The buyer was in an exchange and has experience with value-added property, which made this a perfect fit for him. He will do really well in this location.”