Pinnacle Announces the Sale of 2324 Federal Boulevard in Denver
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2324 Federal Boulevard in Denver, CO. The 4-unit property, built in 1947, sold on October 5th for a contract price of $1,725,000; $431,250 per unit and $407 per square foot. The fully renovated property featured four large 3Br/2Ba units with 10 deeded off-street parking spaces, and individual washer/dryers, A/C units and gas and electric meters. The property sold at a 7.0% CAP Rate. Robert Lawson and Jim Knowlton, Principals, represented the Seller in the transaction.