Pinnacle Announces Sale of 24 Unit Multifamily Property in Colorado Springs

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 24 Unit multifamily property for $2,950,000 located at 25 N 31st St, Colorado Springs, Colorado. Michael Krebsbach, Senior Advisor, represented the seller, and Kenny Clarke, Associate Advisor, represented the Buyer.

“The Seller saw an opportunity to capitalize on the demand of the Colorado Springs market and exchange his equity. The Buyer offered hard earnest money quickly after going under contract, and did not ask for any retrades, buying the property as-is. The Buyer plans to renovate the property and increase rents to market.” said Mike Krebsbach and Kenny Clarke of Pinnacle Real Estate.