Pinnacle Announces the Sale of 1432 Pennsylvania Street
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1432 Pennsylvania Street in Central Denver. The fully renovated, 8-unit property, built in 1919, is located in the highly desirable Capitol Hill neighborhood. The property sold on November 29th for a contract price of $2,375,000; $296,875 per unit and $256 per square foot. The property featured large, 2 bed/2 bath units with in-unit washer/dryers, garage parking and individual furnaces, AC and hot water heaters. Luke Salazar, Associate Advisor, and Robert Lawson and Jim Knowlton, Principals, represented the Buyers in the transaction.
“The buyers were able to achieve their investment goals by entering the Denver market with a truly unique asset in a great location,” said Salazar.