Pinnacle Announces the Sale of 8 Unit Apartment Building in Capitol Hill
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1266 Lafayette Street. The 8-unit multifamily property, built in 1888, is located just 2 blocks off Cheesman Park in the highly desirable Capitol Hill neighborhood and offered significant rental upside. The property sold on October 31st for a contract price of $1,050,000; $131,250 per unit and $199 per square foot. Chris Knowlton, Associate Advisor, Robert Lawson, Senior Advisor, and Jim Knowlton, Principal, represented both the buyer and the seller in the transaction.
“This was a win-win for both parties. The seller was looking to lessen his management responsibilities and the buyer was looking for a value-add opportunity in a great Central Denver location,” said Chris Knowlton.