Pinnacle Announces Sale of 18-Unit Apartment Building in Wheat Ridge
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the Kendall Street Apartments, located at 4265, 4275, and 4295 Kendall Street located in Wheat Ridge, Colorado. This multifamily property has 18 units and was built in 1947. The 6-unit buildings are located on Kendall Street, west of Harlan Street and south of Interstate 70. The property sold on April 21, 2016 for $1,525,000 ($84,722/unit; $131.18/square foot). Joe Hornstein and Scott Fetter represented both sides of the transaction.
“The buyer intends to update apartments and increase rental rates,” Hornstein said.