Pinnacle Announces the Sale of a 15 Unit Apartment Building in Littleton

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 551 West Prentice Avenue in Littleton, CO. This 15-unit multifamily property was built in 1984 and is located at the major intersection of Broadway and Belleview.  The property sold on March 31, 2017 for $2,100,000 or $140,000 per unit. Eric Veith from the Hornstein│Fetter Apartment Group, represented both sides in this transaction.

“The buyer was in a 1031 exchange and wanted a nice clean building in a stable long-term location,” according to Veith. “This building fit the bill, and the sale allowed the seller to capitalize on a hot market and sell for a profit.”