Pinnacle Announces Sale of 6465 W 38th Avenue in Wheat Ridge
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 6465 W 38th Ave in Wheat Ridge, Colorado. This 24-unit property sold on September 28th with a contract price of $2,535,000; $105,625 per unit and $112.71 per square foot. The property boasts large units and each unit enjoys its own balcony/patio. The building has a new high efficiency boiler system and there is ample upside in rents for the Buyer to quickly realize.
“My client was in a 1031 exchange and owns another multifamily property just two blocks away from 6465 W 38th Ave, so this is a great fit for her portfolio. The Buyer plans to renovate all of the units and hold on to the property long term,” said Knowlton.