Pinnacle Announces Sale of a 3-Unit Multifamily Property in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 512 Cheyenne Street in Golden, Colorado. This multifamily property has 3 units and was built in 1930. The building is located on Cheyenne Street less than five minutes from Historic Downtown Golden. The property sold on June 20, 2015 for $568,500 ($189,500/unit). Joe Hornstein and Scott Fetter represented the buyer in the transaction.
“This purchase was part of the Buyer’s 1031 exchange. He had his eyes set on Golden due to the historic stability of the market,” said Fetter. “These are exceptional times in Denver real estate, and the Buyer believes that while there is more room for the market to run, the long term stability of property in Golden couldn’t be passed up.”