Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 7-unit multifamily property for $1,200,000 located at 724 N Nevada Avenue in Colorado Springs, Colorado. Jesse Allen, Andrew Monette, and Jason McClanahan of the Johnson Ritter Team assisted both seller and buyer in the transaction.

“This 7-unit located in the prime location of downtown Colorado Springs was exactly what the buyer was looking for to fulfill their 1031 Exchange. With the purchase of this turn-key investment, they will be able to capitalize on the strong demographics and continued growth of this submarket,” stated Allen and Monette.