Pinnacle Announces Sale of 8-Unit Multifamily Property in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3435 West 4th Avenue located in Denver, Colorado. This 8-unit multifamily property was built in 1954. The property sold on December 29th, 2016 for $880,000 or $110,000 per unit. Eric Veith, along with the Hornstein│Fetter Apartment Group, represented the buyer in this transaction.

“The buyer sold a small income property and was interested in re-leveraging his equity into a long-term apartment asset,” Veith said. “The fundamentals of the property are great and we expect the new owner to do very well in the long-term.”