Pinnacle Announces the Sale of 1439 Detroit Street
Posted on October 27, 2017
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1439 Detroit Street located in Denver, CO. The 7-unit property, built in 1903, sold for a contract price of $1,310,000; $187,143 per unit and $264 per square foot. The property, located walking distance to numerous parks, restaurants, bars and music venues, featured large units with hardwood floors and open floorplans, and had a new roof, new windows and solar panels. Chris Knowlton, Associate Advisor with the Knowlton│Lawson Team, represented the buyer in the transaction.
“This is a trophy asset in the heart of Congress/Cheesman Park. The buyer plans to increase rents to market levels and enjoy the cash flow,” said Knowlton.