Pinnacle Announces the Sale of a 30-Unit Apartment Building in Southwest Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 3600 South Lowell Boulevard. This 30-unit multifamily property was built in 1974 and has had several updates in the last three years. The property allows for easy access to Hampden Avenue and the Englewood Light Rail Station. The property is made up of spacious 1bd/1ba and 2bd/1ba units. The transaction closed for 101% of the list price on April 24, 2017 for $3,600,000 or $120,000 per unit.
“The buyer was able to purchase a stabilized property with very little deferred maintenance and good cash flow day one,” Hornstein said.
Josh Newell with the Newell Team represented the sellers in this transaction and Joe Hornstein with the Hornstein│Fetter Apartment Group represented the buyer in this transaction.