Pinnacle Announces the Sale of 2550 W 91st Place

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2550 W 91st Place in Federal Heights. The 13-unit property, built in 1969, is a rare Federal Heights multifamily offering. The property sold on September 6th for a contract price of $1,800,000; $138,462 per unit and $249 per square foot. The property featured an excellent unit mix of (1) 3Bd/1.5Ba, (5) 2Bd/1Ba & (7) 1Bd/1Ba units, with newer roof and gutters, a new 30 kilowatt solar panel system, and large rental upside in as-is condition. Jim Knowlton and Josh Newell, Principals, and Connor Knutson, Advisor, represented the Seller in the transaction.