Pinnacle Announces Sale of an 8 Unit Apartment Complex in Aurora
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 1622 Alton Street in Aurora. This 8-unit multifamily property is located off of East Colfax and Yosemite. The building was built in 1969. The property sold on February 24, 2017 for $675,000 or $84,375 per unit. Eric Veith and Joe Hornstein of the Hornstein│Fetter Apartment Group represented the buyer in this transaction.
“The buyer had recently sold a smaller income property and was looking to make the jump into a larger multi-family asset with the proceeds,” according to Eric Veith. “We were able to identify this opportunity for him off-market and work out a deal with the sellers, who had already been playing with the idea of a sale. In the end, the timing worked out nicely for everyone.”