Pinnacle Announces Sale of 24-Unit Apartment Building in Denver
Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group at Pinnacle Real Estate Advisors, LLC are pleased to announce the sale of 1877 S. Federal Boulevard located in Denver, Colorado. This multifamily property has 24-units and was built in 1962. The transaction closed on November 27th, 2019 for $3,145,000 or $131,042 per unit. Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the Seller in this transaction.
“The Sellers purchased just a couple years ago and were able to turn a quick profit,” Hornstein said. “The building was operating well at time of closing and given the lack of inventory on the market in this price range, we feel like it was a pretty good deal for the Buyer.”