Pinnacle Announces Sale of Multifamily Property in Longmont
Luke Salazar, Senior Advisor, and Robert Lawson, Principal, with the Knowlton Lawson Team at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 1310 S Coffman Street in Longmont, CO. The 4-unit property sold on May 25th for a Contract Price of $825,000; $206,250 per unit. The property, consisting of (4) large 2Br/1Ba units, featured improvements including a newer boiler, hot water tank and decking, and offered rental upside to the Buyer through increasing rents to market rents and renovating the final the unit.
“In the midst of a challenging market environment, we are proud to have successfully closed this transaction at full list price with a client we initially met six years ago. Their trust in us years later is a testament to our core value of building long term relationships with our clients,” said Salazar.