Pinnacle Announces Sale of 4-Unit Multifamily Property in Littleton
Posted on November 1, 2016
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5339 South Elati Street, located in Littleton, Colorado. This 4-unit multifamily property was built in 1973. The building is located just minutes from Old Town Littleton and other amenities. The property sold on October 28, 2016 for $565,000 or $141,250 per unit. Eric Veith, along with the Hornstein│Fetter Apartment Group, represented the seller in this transaction.
“This is one of the last great value-add opportunities in an area that has improved significantly in recent years,” according to Veith. “We had very strong interest during the marketing process, and the seller was ultimately able to exit for a very strong price.”