Pinnacle Announces the Sale of a 9-Unit Apartment Building in West Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4439 W Nevada Place located in Denver, Colorado. This multifamily property has 9 units and was built in 1956. The building contains all two-bedroom units with private back patios and many renovations. The property sold on July 17, 2015 for $1,190,000 or $132,222 per unit. Jeff Johnson, Greg Breslau, and Matt Ritter, with the Johnson Ritter Team, represented the buyer and Josh Newell represented the seller in the transaction.
“The above market cap rate and extensive renovations made this property a very attractive investment opportunity for the buyer,” stated Greg Breslau, Advisor at Pinnacle Real Estate Advisors.