Pinnacle Announces the Sale of a 4-Unit Apartment Building in Westminster, CO
Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 7115-7121 Stuart Street in Westminster, Colorado. This 4 unit multifamily property is located within walking distance from the new Westminster light rail project in the North Denver sub-market. The property sold on June 28th, 2019 for $730,000; $182,500/unit and $248/square foot. Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the Seller in the transaction.
“The buyer recognized an opportunity to generate some additional income from the large garage stalls behind the property and made a very compelling offer to the Seller. The Seller purchased these several years ago and, having bought them at an attractive price, ended up turning a very nice profit over his course of ownership. ” – Scott Fetter