Pinnacle Announces Sale of Rare Multifamily Property in Lafayette

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 205 E Cleveland Street in Lafayette, CO. The 6-unit property, consisting of 5 – 2Br/1Ba units and 1- 1Br/1Ba unit, sold on April 19th for a Contract Price of $1,400,000; $233,333 per unit and $320.95 per square foot. The turn-key property, located in historic Old Town Lafayette, featured fully renovated units, new roof, new boiler, new water heaters and plumbing, and new landscaping. Luke Salazar, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented both the Buyer and the Seller in the transaction.