Pinnacle Announces Sale of 6-Unit in North Capitol Hill Neighborhood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1537 N Pearl Street in Denver, CO. The 6-unit property, built in 1900, sold on June 2nd for a Contract Price of $1,220,000; $203,333.33 per unit and $302.65 per square foot. Located in Denver’s North Capitol Hill Neighborhood, the building features six newly renovated units. While the property has undergone significant capital improvements in recent years, there is still room to add value to this charming apartment building in the historic Colfax neighborhood. Charlie Mitelhaus, Associate Advisor and Corey Sandberg, Vice President represented the buyer in the transaction.

“The buyer took advantage of a turnkey investment opportunity to come in and perform well from day one. This is a strong performing 6-unit property that will be a great investment for years to come,” said Mitelhaus.