Pinnacle Announces Sale of a 12-Unit Apartment Building in Southwest 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 1970-1990 W. Pacific Place located in Denver, Colorado. This multifamily property has 12 units and was built in 1985. The building is located on W. Pacific Place, just south of Ruby Hill Park. The property sold on April 9, 2019 for $1,590,000; $132,500/unit and $214.23/square foot. Joe Hornstein and Scott Fetter of the Hornstein Fetter Apartment Group represented the buyer and seller in the transaction.
“The buyer was able to purchase as three four-unit buildings and put very favorable residential investment debt on the properties to improve their return,” Hornstein said. “It was a very smooth transaction for everybody involved.”