Pinnacle Announces the Sale of 9 Units in Englewood
Posted on August 18, 2020
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 3700 S Lincoln Street in Englewood, CO. The 9-unit property, built in 1940, sold on August 18th for a contract price of $1,512,500; $168,056 per unit and $291 per square foot. The fully remodeled property featured 9 turn-key studio units, with 4 garages and 8 storage units providing significant additional income. Despite COVID pandemic challenges, the property was 100% occupied and had full rent collections at the time of closing. Luke Salazar, Associate Advisor, and Jim Knowlton and Robert Lawson, Principals, represented the Seller in the transaction.