Apartment Building Sale – Denver

Price: $1,195,000

Units: 9

Address: 1641 VINE STREET

City: DENVER

State: CO

ZIP: 80206

PINNACLE ANNOUNCES THE SALE OF 1641 VINE STREET

Denver, CO – March 22^th, 2017 – Erik Toll, Associate Advisor at Pinnacle Real Estate Advisors, LLC , and Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 1641 Vine Street located in Denver, CO. The 9-unit property, built in 1906, sold for a contract price of $1,195,000; $132,778 per unit and $234.54 per square foot. The property, located in the Uptown Neighborhood close to City Park and Cheesman Park, featured updated units with hardwood floors, Berber carpet, high ceilings and large windows. Erik Toll, with the Hochman│Brockman Team represented the Seller in the transaction, and Jim Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.

“The property had solid bones and offered the Buyer a great opportunity to add 9 units to his portfolio, just a few blocks away from another property that he owns,” said Knowlton.

For more information, please contact Jim Knowlton at 303-962-9543.

Pinnacle Real Estate Advisors
Pinnacle Real Estate Advisors is a full-service commercial real estate brokerage firm servicing clients globally who own commercial properties in the metro Denver area and throughout Colorado. Our expertise encompasses all commercial real estate property types. We have experienced advisors specializing in apartment building sales and acquisition; retail property sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; and industrial property sales, leasing and acquisition. The Pinnacle Experience™ is a unique approach that is focused on each client’s needs, delivering superior real estate guidance, proven market perspective and unmatched results. Pinnacle Real Estate Advisors combines market expertise with a Full Spectrum Marketing™ campaign that delivers innovative real estate solutions that are client-centric and relationship focused. In 2016, Pinnacle Real Estate Advisors closed 338 transactions for a total of $622 million. To view a current list of our buildings for sale in Denver, visit:www.pinnaclerea.com/properties.