Pinnacle Announces the Sale of a 4-Unit Apartment Building in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4229 Forrest Hill Place located in Colorado Springs, Colorado. This multifamily property has 4 units and was built in 1973. The building is located near the University of Colorado at Colorado Springs. The property sold on September 9th, 2016 for $325,000 or $81,250 per unit.  Brent Hubbell represented the seller in the transaction.

“The property was very attractive to the buyer due to its location and unit mix. There should be strong upside for the buyer. The seller had owned the building for 9 years and decided to retire and capitalize on current market conditions.,” stated Brent Hubbell, advisor at Pinnacle Real Estate Advisors.