Pinnacle Announces Sale of a 6-Unit Apartment Building in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1634 Boston Street located in Aurora, Colorado. This multifamily property has 6 units and was built in 1965. The building is located on Boston Street, north of Colfax Avenue. The property sold on January 22, 2016 for $425,000 ($70,833/unit; $82.56/square foot). Joe Hornstein and Scott Fetter represented the buyer in the transaction.
“The property is income-restricted and the Seller made it clear that only buyers willing to continue the affordable housing mission in Aurora would be considered,” according to Fetter. “We found the perfect buyer and the seller is now able to focus on the construction of their 48-unit property to continue serving low-income families in the future.”