Pinnacle Announces Sale of Investment Single Family Home with New ADU
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2125 S Bannock Street in Denver, CO. The 4Br/2Ba home, with a new construction 3Br/2Ba ADU over a three-car garage, sold on April 12th for a Contract Price of $1,500,000; $418.99 per square foot. The main home featured updates throughout, and included a side entrance to a fully finished basement with kitchenette, two bedrooms and one full bath, giving endless rental opportunities to make the property 3 units. The ADU included its own private entrance with access to one of the garages, a rooftop patio, washer/dryer, and full kitchen. The property is located just a few blocks from the thriving South Broadway corridor and the Evans Light Rail Station. Luke Salazar, Senior Advisor, and Robert Lawson and Jim Knowlton, Principals represented both the Buyer and the Seller in the transaction.
“This property was one of the most unique ones we’ve sold in recent years. It was perfect for a first-time investor or homeowner that could live in one of the properties, rent out the other, and pay a much lower mortgage. The properties were very well done and in a location that is continually adding more new development,” said Salazar.
For more information on this sale please contact Luke Salazar at 303-962-9534 or LSalazar@PinnacleREA.com.