Pinnacle Announces the Sale of 4231 & 4235 Forrest Hill Place

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4231 & 4235 Forrest Hill Place Located in Colorado Springs, CO. The 16 unit multifamily property sold for $1,975,000 or $123,437.50 per unit. Michael Krebsbach, Senior Advisor represented the seller in the transaction. The Seller sold the property as the family wanted to maximize their returns on their investment while the market remained hot and move their equity into more passive investments. The Buyer was in a 1031 exchange after the sale of their property in California. They liked the stable cash flow the property. They were also very attracted to the unit mix, location of the property and 100% rent collections during Covid.