Pinnacle Announces the Sale of 1930 Vinewood Lane
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1930 Vinewood Lane located in Pueblo, Colorado. The 12 unit multifamily building sold for $800,000 or $66,667 per unit. Thomas Graeve, Senior Advisor, and Dallas Sherman, Associate Advisor, represented the buyer in the transaction.
“Pueblo is one of those markets where there is still significant opportunity for both buyers and sellers,” said Graeve. “This was a record price per door for pre-2000s construction, but it was also well over an 8 cap going in. Everybody got a good deal on this one.”