Pinnacle Announces Sale of 6-Unit Apartment Building in Park Hill
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1522 Fairfax Street located in Denver, Colorado. This multifamily property has 6 units and was built in 1952. The building is located just off Colfax Avenue near the University of Colorado Health Sciences Redevelopment. The property sold on May 10, 2016 for $1,179,000 or $196,500 per unit. Matt Ritter, Jeff Johnson, Peter Sengelmann, and Cody Stambaugh with the Johnson Ritter Team, represented the Seller in the transaction.
“The Sellers of 1522 Fairfax are long-time clients of ours. This sale will help them achieve their goal of selling some of their multifamily assets to complete a 1031,” stated Matt Ritter, Principal at Pinnacle Real Estate Advisors.