Pinnacle Announces Sale of Nine Unit Property in Lakewood
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1646 Routt Street in Lakewood, CO. The property, consisting of 9 units, sold on October 27th for a Contract Price of $2,015,000; $223,889 per unit and $284 per square foot. Located just minutes from the Oak Station Light Rail and the restaurants and retail on Colfax Avenue, the property featured newer roof and windows, new water heaters and private patios for 7 of the 9 units; a low maintenance investment opportunity that offered immediate upside in rents. Chris Knowlton, Senior Advisor, represented both the Buyer and the Seller in the transaction.
For more information on this sale please contact Chris Knowlton at 303-962-9566 or CKnowlton@PinnacleREA.com.