Pinnacle Announces Sale of 15-Unit Apartment Building in Congress Park
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1415 Cook Street located in Denver, Colorado. This value-add multifamily property has 15 units and was built in 1962. The building is located just off Colfax Avenue near City Park. The property sold on July 12, 2016 for $1,925,000. Jeff Johnson and Matt Ritter, with the Johnson Ritter Team, assisted both the Buyer and the Seller in the transaction.
“The Seller of 1415 Cook St had accrued a significant amount of equity throughout his years of ownership. By trading into a larger property, our client was able to dramatically increase his return on equity, increase his monthly cash flow, and avoid looming capital improvement expenses” stated Jeff Johnson, Principal at Pinnacle Real Estate Advisors.