Pinnacle Announces Sale of 12-Unit Apartment Building in Aurora
Eric Veith, Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 1350 Macon Street located in Denver, Colorado. This multifamily property has 12-units and was built in 1972. The building is located east of Downtown Denver and sold for $1,325,000 ($110,417/unit; $157.29/square foot). Eric Veith, Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the seller in the transaction.
“The client had spent the last two years adding value to this building through a hands-on management approach, and had decided that the time was right to move onto the next property,” according to Veith. “He was able to exit at a healthy profit, and the buyers will be inheriting a stable asset in a solid North Aurora location.”