Pinnacle Announces Sale of 87 Units in Englewood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Parkview Towers located at 3655 S Pearl St and 3650 S Pennsylvania Street in Englewood, CO. The 87-unit property, built in 1972 and comprised of two separate towers with six stories each, sold on May 18th for a Contract Price of $15,750,000; $181,034 per unit and $198.79 per square foot. Located in the heart of Englewood, walking distance to big box retailers, grocery stores, restaurants, shopping districts and the Englewood Light Rail Station, the property featured an attractive mix of one and two-bedroom units, new stucco exteriors, new windows and roofs, and full interior renovations to most of the units. Robert Lawson, Principal, represented the Seller, and Jim Knowlton, Principal, represented the Buyer in the transaction.