Pinnacle Announces the Sale of 2600 S Acoma Street

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2600 S Acoma Street in Denver. The value-add 4-plex, built in 1953, is located right off South Broadway, near the University of Denver. The property sold on December 11th for a contract price of $750,000; $187,500 per unit and $330 per square foot. The property featured (4) 1BD units with additional storage, 4 detached garages, and is individually metered for gas and electric. Chris Knowlton, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented the Buyer in the transaction.

“This was the Buyer’s upleg in her 1031 exchange.  The Buyer plans to renovate the units and bring the rents up to market,” said Chris Knowlton.