Pinnacle Announces Sale of 2015 E 12th Avenue in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2015 E 12th Avenue in Denver, Colorado. This triplex sold on February 9th with a contract price of $610,000; $203,333 per unit and $297 per square foot. The property, located just one block off Cheesman Park, featured two 1Br/1Ba units and one 2Br/1Ba unit with condo quality finishes.
“The property was in immaculate condition and had immediate upside in rents. This was the buyer’s upleg in a 1031 exchange,” said Jim Knowlton.
Jim Knowlton and Robert Lawson, Senior Advisors at Pinnacle Real Estate Advisors, and Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, represented the buyer in this transaction.