Apartment Building Sale – Denver

Price: $1,310,000

Units: 7

Address: 1439 DETROIT STREET

City: DENVER

State: CO

ZIP: 80206

PINNACLE ANNOUNCES THE SALE OF 1439 DETROIT STREET

Denver, CO – October 27^th, 2017 – Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, LLC, Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, and Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 1439 Detroit Street located in Denver, CO. The 7-unit property, built in 1903, sold for a contract price of $1,310,000; $187,143 per unit and $264 per square foot. The property, located walking distance to numerous parks, restaurants, bars and music venues, featured large units with hardwood floors and open floorplans, and had a new roof, new windows and solar panels. Chris Knowlton with the Knowlton│Lawson Team represented the Buyer in the transaction.

“This is a trophy asset in the heart of Congress/Cheesman Park.  The Buyer plans to increase rents to market levels and enjoy the cash flow,” said Knowlton.

For more information, please contact Chris Knowlton at 303-962-9566.

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.