Pinnacle Announces Sale of 6-Unit Apartment Building in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1260 Vine Street, located in Denver, Colorado. This multifamily property has 6 units and was built in 1896. The building is located blocks from Cheesman Park, and sold for $1,000,000 ($166,667/unit; $218/square foot). Joe Hornstein, Principal, and Eric Veith, Associate Advisor, represented both sides in the transaction.

“The seller purchased the property a number of years ago, and had the opportunity to realize a nice profit,” according to Veith. “The buyer is an experienced investor looking to grow his holdings, and this property will be a great fit for his portfolio.”