Pinnacle Announces the Sale of a 12-Unit Apartment Building in Wheat Ridge

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 5995 West 29th Avenue. This 12-unit multifamily property was built in 1955. The property conveniently located off of Sheridan Boulevard and West 29th Avenue in Wheat Ridge. The property is made up of 1 spacious studio and 11 2bd/1ba units. The transaction closed on June 1, 2017 for $1,700,000 or $141,667 per unit.

Joe Hornstein and Scott Fetter with the Hornstein│Fetter Apartment Group represented both the buyer and seller in this transaction.

“The seller approached us regarding finding a larger property to purchase before he was willing to entertain an offer on his property,” Hornstein said.  “We were able to successful find him property to trade into, then simultaneously put a buyer into his property and close both transactions a roughly the same time.”