Pinnacle Announces Sale of 8-Unit Multifamily Property in Denver
Posted on January 5, 2017
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.”