Pinnacle Announces Sale of 17-Unit Apartment Building in Aurora
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 9191 E 14th Avenue. This 17 unit multifamily property was built in 1958. The property is conveniently located between the Stapleton, Lowry and Fitzsimons major redevelopment areas. The property is made up of 17 units, including 1 1BD/1BA and 16 Studio apartments. The transaction closed on August 30th, 2018 for $1,750,000 or $102,941 per unit.
“9191 E 14th is comprised almost entirely of studio units that were almost all updated within the past couple years. The Sellers have done a very good job managing the property and, in turn, were able to attract a great Buyer looking for a place to put 1031 funds from an out of state sale. The price per unit on this is as good as anything that will sell around Denver this year, and the Buyer is very happy with the outcome.” – Scott Fetter