Pinnacle Announces Sale of 6-Unit Apartment Building in Park Hill
Posted on May 12, 2016
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.