Pinnacle Announces the Sale of 1553 Steele Street
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1553 Steele Street in Central Denver. The renovated 7-unit property, built in 1905 and renovated in 2018, is located in the highly desirable Capitol Hill neighborhood. The property sold on August 9th, for a contract price of $1,905,000; $272,143 per unit and $284 per square foot. The property featured 3Br/2Ba units, 1Br/1Ba units, and studios. Chris Knowlton, Advisor, represented the Buyer in this transaction.
“The buyer owns similar properties in this area and he plans to continue to improve the property and increase the rents to market levels,” said Chris Knowlton.