Pinnacle Announces Sale of a 15-Unit Apartment Building in Denver
Posted on May 31, 2016
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2829 Colorado Boulevard, located in Denver, Colorado. This multifamily property has 15 units and was built in 1939. The building is located on Colorado Boulevard, north of City Park. The property sold on May 23, 2016 for $1,650,000 ($110,000/unit; $137.07/square foot). Joe Hornstein and Scott Fetter represented the buyer in the transaction.
“The Seller had recently updated all 15 units and sold the property at market return with very little deferred maintenance,” Hornstein said. “There was a lot of activity and property sold very close to asking price.”