Jim Knowlton, Owner/Principal at Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of Ponderosa Apartments, located at 2940 W Arkansas Avenue in Denver, CO. The 20-unit property, comprised of (19) two-bedroom units and (1) three-bedroom unit, sold on July 30^th for a contract price of $3,550,000 ($177,500 per unit; $192 per square foot). Recent capital improvements included the installation of a new boiler system, a full electrical upgrade with the replacement of all electrical panels, and the professional resurfacing of the asphalt parking lot. Jim worked with the Seller in the transaction.

For more information on this sale please contact Jim Knowlton at 303-962-9543 or JKnowlton@PinnacleREA.com.