Pinnacle Announces the Sale of 7121 Utica Street

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.