Pinnacle Announces Sale of a 4-Unit Investment Property in Littleton
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5301-5307 South Delaware Street in Littleton, Colorado. This 4-unit multifamily property includes large two-story 2 and 3 bedroom units with 1.5 baths and privately fenced backyard space. All the units have recently been renovated. The property sold on December 9, 2016 for the asking price of $850,000 or $212,500 per unit. Scott Fetter, along with the Hornstein│Fetter Apartment Group, represented both the seller and buyer in this transaction.
“I have to compliment both the Seller and the Buyer for the work they did to help get this property closed,” said Fetter. “This property was priced at a premium for the Littleton market, but the cash flow justified the purchase price. However, the inspection yielded some significant issues that needed to be resolved and both the Buyer and the Seller really stepped up to make sure everything was taken care of fairly and professionally. In the end, both sides got what they wanted and were able to walk away happy.”