Pinnacle Announces the Sale of 3005-3015 E 14th Ave in Denver
Posted on November 30, 2015
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3005-3015 E 14th Ave in Denver, Colorado. This 15-unit property sold on November 12th with a contract price of $2,550,000; $170,000 per unit and $268.42 per square foot. The beautiful vintage apartment building, located in Congress Park, had a desirable unit mix (2 studios, 9-1Br/1Ba, and 4-2Br/1Ba), updated units, new windows and immediate upside in rents.
“This was an off-market transaction. The local buyer has been very active in this neighborhood, acquiring almost 100 units this year, and plans to hold the property long term,” said Knowlton.
Jim Knowlton, Senior Advisor at Pinnacle Real Estate Advisors, worked with the Buyer and the Seller in this transaction.