Pinnacle Announces Sale of 6 Units in Wheat Ridge
Quentin Shore, Associate Advisor, Chris Knowlton, Vice President, and Jim Knowlton, Owner/Principal with the Knowlton Lawson Team at Pinnacle Real Estate Advisors, LLC are pleased to share the successful sale of 6720 W. 37th Place in Wheat Ridge, CO.
On April 17th, 2023, a property with six total units was sold for $1,150,000. The property includes two one-bedroom and one-bathroom units, three two-bedroom and one-bathroom units, and one three-bedroom and two-bathroom unit, and it is situated on a spacious 11,970 SF lot. This property has ample parking and included common laundry and a spacious back yard for tenants to relax. The property was in an amazing location with easy access to various retail stores, restaurants, and grocery stores. The property has been under the ownership of the Sellers for almost 20 years and they are eager to move on to their next venture, which involves a 1031 exchange into a mini-storage facility. The Buyer plans to renovate this value-add property to increase its value and get rents up to market standards.