Pinnacle Announces the Sale of 1632 N Franklin Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1632 North Franklin Street. The 5-unit multifamily property, built in 1890, is located within walking distance to both City Park and Cheesman Park, as well as all of the restaurants, bars and music venues on Colfax. The property sold on November 13th for a contract price of $1,060,000; $212,000 per unit and $244 per square foot. Chris Knowlton, Associate Advisor, Robert Lawson, Senior Advisor, and Jim Knowlton, Principal, represented the buyer in the transaction.

“This is a turn-key building in a great Central Denver location.  The buyer is from the East Coast and this was his first investment in the Denver market,” said Chris Knowlton.