Pinnacle Announces the Sale of 1439 Detroit Street
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.