Pinnacle Announces the Sale of a 6-Unit Apartment Building in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4311 N. Chestnut Street located in Colorado Springs, Colorado. This multifamily property has 6 units and was built in 1967. The building is located near I-25 and the Garden of the Gods. The property sold on December 18, 2015 for $350,000 or $58,333 per unit.  Jeff Johnson and Matt Ritter, with the Johnson Ritter Team, represented the buyer and Brent Hubbell represented the seller in the transaction.

“The seller had owned the building for 40 years and decided to retire and capitalize on current market conditions. The property was very attractive to the buyer due to its pristine condition,” stated Brent Hubbell, associate advisor at Pinnacle Real Estate Advisors.