Pinnacle Announces Sale of 18 Townhome Units in Arvada
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5225 Balsam Street in Arvada, CO. The property, consisting of 18 townhome style units, sold on July 1st for a Contract Price of $4,140,000; $230,000 per unit and $297 per square foot. Located just minutes from Olde Town Arvada, the property featured new roofs and windows, and renovations to 14 of the units; a turnkey investment opportunity that offered immediate upside in rents. Mark Knowlton, Associate Advisor, Chris Knowlton, Senior Advisor, and Jim Knowlton, Principal, represented the Seller in the transaction.