BrokerageMultifamily

Pinnacle Announces the Sale of a 17-Unit Apartment Building in Lower Highlands

Denver, COPinnacle Real Estate Advisors, LLC is pleased to announce the sale of the 2727 W 33rd Avenue, Denver, CO 80211. This 17-unit multifamily property was built in 2015 and is located in the Lower Highlands Neighborhood. Each unit includes high ceilings, granite counter tops and maple wood flooring. The property sold on March 22, 2017 for $4,800,000 or $282,353 per unit and $548 per square foot. Joe Hornstein, along with the Hornstein│Fetter Apartment Group, represented both sides in this transaction.

“The Sellers were reluctant to part with this incredible apartment building,” says Hornstein, “but the Buyers made an offer they couldn’t refuse.  This is probably the nicest apartment building in the entire Highland neighborhood less than 50-units.  The Buyers intend to hold the property long term and have definitely found an irreplaceable asset.”

Photo Courtesy of Pinnacle Real Estate Advisors

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