Pinnacle Announces the Sale of 7121 Utica Street
Posted on April 18, 2018
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7121 Utica Street in Westminster, Colorado. The value-add 6-plex, built in 1962, is located less than a mile from the new Westminster Light Rail Station, and a short drive to the new Downtown Westminster Redevelopment. The property sold on April 17th for a contract price of $755,000; $125,833 per unit and $162 per square foot. The property features new windows, a newer roof and boiler, and offered immediate rental upside to the buyer with 5 of the 6 units on month-to-month leases. Chris Knowlton, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented both the buyer and the seller in the transaction.