Pinnacle Announces Sale of Multifamily Property in Cripple Creek
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 324 W Eaton Avenue Cripple Creek, CO. The 4-unit property, consisting of all 2 Bed/1 Bath units, sold on October 18th for a Contract Price of $649,000; $162,250 per unit and $199.81 per square foot. Luke Salazar, Senior Advisor, and Jim Knowlton and Robert Lawson, Principals, represented the Buyer in the transaction.
“Any multifamily property for sale that is operating over an actual 6% CAP Rate is extremely unique in today’s market. We are pleased to help our client achieve this investment criteria and find a high cash flowing property,” said Salazar.
For more information on this sale please contact Luke Salazar at 303-962-9534 or LSalazar@PinnacleREA.com.