Pinnacle Announces Sale of a 4-Unit Apartment Building in Capitol Hill Neighborhood
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1230 Pearl Street located in Denver, Colorado. This multifamily property has 4 units and was built in 1906. The building is located on Pearl Street, just east of downtown Denver. The property sold on September 28, 2018 for $1,000,000; $250,000/unit and $307.69/square foot. Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the buyer in the transaction.
“The property was very aggressively priced based on existing financials, but the buyers recognized the opportunity make improvements, raise rents and add significant value long term,” Hornstein said.