Pinnacle Announces Sale of a 9-Unit Apartment Building in Aurora

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1467 Joliet Street located in Aurora, Colorado. This multifamily property has 9 units and was built in 1952. The building is located on Joliet Street, south of Colfax Avenue. The property sold on May 18, 2018 for $864,000; $96,000/unit and $223.31/square foot. Joe Hornstein and Scott Fetter, Principals, represented the seller in the transaction.

“The seller purchased the property during the downturn in the market and was able to take advantage of a significant run up in multifamily values during last several years,” Hornstein said.