Matt Ritter and Jeff Johnson announce the following apartment building sale in Denver: 321-329 E. 11th Avenue
Posted on Fri, Mar 26, 2010
Roanoke Apartments is a partially renovated 19 unit vintage apartment building located in the Capitol Hill neighborhood. The property was constructed in 1908 and consists of 3 studios and 16 1bedroom/1bath units. The property was 100% occupied at the time of sale after newly formed Pinnacle Real Estate Management took over management for 60 days prior to the sale. The property had a new roof, upgraded electrical and updated units.
Matt Ritter and Jeff Johnson represented the Seller, 321 E. 11th Ave, LLC. The transaction closed on May 26, 2010 with a contract price of $1,247,000 or $65,631 per unit.