Pinnacle Announces Sale of a 6-Unit Apartment Building in Cheesman Park Neighborhood
Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 1318-1322 Marion Street located in Denver, Colorado. This multifamily property has 6 units and was built in 1896. The building is located on Marion Street, just blocks from Cheesman Park. The property sold on February 20, 2019 for $1,525,000; $254,167/unit and $301/square foot. Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the buyer in the transaction.
“The buyer was able to complete successful 1031 exchange out of suburban apartment building that required work into a turn-key Central Denver asset that met his desired investment criteria,” Hornstein said.