Pinnacle Announces the Sale of 36 Units in Pueblo
Posted on August 12, 2020
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1691 Moore Ave, 1936 Vinewood and 2018 Vinewood Lane Pueblo, CO. The 36-unit multi-family portfolio, built in 1972, sold on August 6th for a contract price of $2,350,000; $65,277 per unit. The property featured (30) 2Br/1Ba units and (6) 1Br/1Ba units. Chris Knowlton, Senior Advisor, represented the Seller in the transaction.
“This was a great deal for both parties. The Seller had identified a property he would like to 1031 exchange into and the Buyer, an established apartment owner in Pueblo, was looking to expand his portfolio,” said Knowlton.