Pinnacle Announces Sale of 16-Unit Loan Assumption Deal in Capitol Hill

Jim Knowlton, Owner/Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of Pearl Nines located at 999 Pearl Street, Denver, CO. The turnkey, 16-unit property sold on May 30­th for a Contract Price of $5,040,000 ($315,000/Unit). The property, built in 1961, consisted of (7) 1-bedroom/1-bathroom units and (9) 2-bedroom/1-bath units, with 14 of the 16 units having undergone extensive renovations. The property, located in the heart of Capitol Hill, featured underground garage parking, storage units, balconies, and a renovated courtyard with grilling stations and outdoor community seating. Jim Knowlton worked with both the Buyer and the Seller in the transaction.