Pinnacle Announces Sale of a 4 Unit Victorian Mansion in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1571 North High Street in Denver, Colorado. The 4 unit Victorian mansion sold on March 19, 2018 for a record-setting $1,705,000, or $426,250/unit and $457.24 per square foot. Extensive renovations on the property were completed in 2017. Erik Toll and Jules (JB) Hochman represented the seller, a development group based out of Boulder, Colorado. Brent Hubbell represented the buyer in the transaction.
“The seller put an immense amount of renovations into the property. This turnkey asset was very attractive due to its strong cash flow, central location, and Class A finishes,” stated Hubbell, Advisor at Pinnacle Real Estate Advisors.