Pinnacle Announces Sale of 10-Unit Property in Central Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1458 Gaylord Street in Denver, CO. The 10-unit converted mansion, built in 1894, sold on March 30th for a Contract Price of $2,300,000; $230,000 per unit and $298.58 per square foot. The well-maintained property, located in the heart of Central Denver in between City Park and Cheesman Park, sold at a 5.51% CAP Rate and featured an attractive mix of one- and two-bedroom units, and 6 individual garages. Jim Knowlton, Principal at Pinnacle Real Estate Advisors, represented the Seller in the transaction.
For more information on this sale please contact Jim Knowlton at 303-962-9543 or JKnowlton@PinnacleREAL.com.