Pinnacle Announces Sale of 41 S Lincoln Street in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 41 S Lincoln Street in Denver, Colorado. This 17-unit property sold on March 4th with a contract price of $2,500,000; $147,059 per unit and $280.21 per square foot. The property, located just one block from South Broadway’s popular bars and restaurants like Punch Bowl Social and The Hornet, featured beautiful renovations in over half of the units, new windows, new high efficiency boiler system, and seller-owned laundry.
The property was constructed in 1964. Jim Knowlton, Senior Advisor at Pinnacle Real Estate Advisors, represented the buyer.
“This property was part of the buyer’s upleg in a 1031 exchange. The buyer is using Pinnacle Real Estate Management to manage the property and complete the remaining renovations to the units. He plans on holding the property long term,” said Knowlton.