Pinnacle Announces the Sale of a 5-Unit Value-Add Multifamily Asset
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a 5-unit value-add multifamily asset for $675,000 located at 252 Lincoln Street in Denver Colorado. Andrew Monette, Senior Advisor, acted as a transaction broker assisting both the Buyer, RCG LLC and Seller, JMI Real Estate LLC, in the transaction.
“Being approached off-market, the Sellers saw a great opportunity to capitalize on the red-hot Denver multifamily market. The Buyers are a well-heeled, value-add, investment group who plan to fully-renovate the asset while keeping it’s Victorian character”, stated Andrew Monette, Senior Advisor.