Pinnacle Announces Sale of 6-Unit Apartment Building in Denver

Josh Newell, Owner/Principal, Connor Knutson, Vice President and Spencer Pierpont, Associate Advisor with the Newell Knutson Team at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 1449 Emerson Street in Denver, CO. The 6-unit apartment building was built in 1897 and sold on November 6th with a contract price of $1,060,000; $176,667 per unit and $253.71 per square foot. Josh Newell represented the Seller and Connor Knutson and Spencer Pierpont represented the Buyer. “We found a strong local buyer who paid 98% of list price,” said Josh Newell. “This is a strong price for a primarily one-bedroom property just off of Colfax Avenue.”

For more information on this sale please contact Josh Newell at 303-962-9559/JNewell@Pinnaclerea.com or Connor Knutson at 303-962-9567/CKnutson@Pinnaclerea.com or Spencer Pierpont at 303-228-7807/SPierpont@Pinnaclerea.com.