Pinnacle Announces Sale of 8-Unit Multifamily Asset in Aurora
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1641-1655 Alton Street located in Aurora, Colorado. This multifamily property has 8 units and was built in 1957. The building is located just north of East Colfax Avenue and east of Yosemite Street. The property sold on September 14, 2018 for $860,000 or $107,000 per unit. Andrew Monette, with the Johnson Ritter Team, represented the seller in the transaction.
“Through the sale of this asset, my clients were able to capitalize on the heavy appreciation in value of their property and plan to use their proceeds to exchange into a much larger and better performing asset,” stated Monette, Associate Advisor at Pinnacle Real Estate Advisors.