Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of the 4439 W. Nevada Place. This 9 unit multifamily property was built in 1956 and is conveniently located in west Denver near Alameda & Sheridan. The property is entirely comprised of 2BD/1BA Units. The transaction closed on December 30^th, 2019 for $1,525,000 or $169,444 per unit. Scott Fetter and Joe Hornstein represented the Seller and David Barocas represented the Buyer in this transaction.

“This sale has one of the higher in-place cap rates we’ve transacted this year. The property has all 2bd units that are separately metered and finished to a pretty nice quality. The rents are good and this was a great deal for an exchange buyer who sold a smaller property out of state and wanted to exchange into something here in Colorado.” – Scott Fetter