Pinnacle Announces Sale of 11 Unit Value-Add Property in Pueblo
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1427-1431 E Evans Avenue in Pueblo, CO. The 11-unit property, consisting of 1 studio unit, 9 – 1Br/1Ba units, and 1 – 2Br/1Ba unit, sold on March 29th for a Contract Price of $600,000; $54,545 per unit and $115.27 per square foot. The value-add property, situated between Downtown Pueblo and Lake Minnequa, featured on-site laundry, plenty of off-street parking, new windows, and new water heater. Mark Knowlton, Associate Advisor, and Chris Knowlton, Senior Advisor, represented the Seller, and Paul Nora, Associate Advisor, and Jamie Mitchell, Principal, represented the Buyer in the transaction.