Pinnacle Announces the Sale of 16 Units in Lakewood

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 9885 W 21st Avenue in Lakewood, CO. The 16-unit property, built in 1961, sold on August 25th for a contract price of $3,150,000; $196,875 per unit and $221 per square foot. The fully remodeled property featured 16 turn-key 2Br/1Ba units with off-street parking and individual tenant storage lockers. Recent capital improvements included newer swamp coolers, exterior paint and landscaping, boiler and hot water heaters, electrical panels, laundry equipment, windows, patio sliders, exterior and interior paint and lighting, and beautifully updated interiors. Robert Lawson and Jim Knowlton, Principals, and Luke Salazar, Associate Advisor represented both the Seller and the Buyer in the transaction.