Pinnacle Announces the Sale of a 24-Unit Apartment Building in Aurora

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 15800-15830 East 13th Place. This 24-unit multifamily property was built in 1979. The property is conveniently located off the major intersection of East Colfax Avenue and Chambers Road in Aurora. The property includes 24 (920 SF, 2Br/1.5 Ba) units with washer and dryer hookups. The transaction closed on June 13, 2017 for $2,890,000 or $120,417 per unit.

“This property is comprised of all large two bedroom units.  The buyer appreciated the large size of the apartments, the fact that tenants pay all utilities, and all of them have washer dryer hook-ups,”  Hornstein said.  “The units are more consistent with a condominium than your typical apartment.”

Joe Hornstein and Scott Fetter, with the Hornstein│Fetter Apartment Group, represented both the buyer and seller in this transaction.