Multi-family units in Lakewood and Colorado Springs sold by Pinnacle

Pinnacle Multi-Family_Lakewood Colorado Springs CO

Lakewood, CO – Josh Newell, Senior Advisor and Connor Knutson, Associate Advisor with the Newell Team at Pinnacle Real Estate Advisors, LLC, announce the sale of 183-193 South Ingalls Street in Lakewood, Colorado. The 8-unit property sold on June 6th with a contract price of $880,000; $110,000 per unit and $138.63 per square foot.

The properties were constructed in 1978. The Newell Team represented the local buyer in the transaction.

Colorado Springs, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4445-4491 E Pikes Peak Avenue located in Colorado Springs, Colorado. This multifamily property has 24 units and was built in 1983. The building is located just off East Platte Avenue, near the Colorado Springs Airport/Peterson Air Force Base. The property sold on June 13, 2016 for $1,990,000 or $82,917 per unit. Jeff Johnson and Matt Ritter, with the Johnson Ritter Team, and Brent Hubbell represented the Buyer in the transaction.

“The out-of-state Buyer was very excited to acquire an investment property in this thriving Colorado market,” stated Jeff Johnson, Principal at Pinnacle Real Estate Advisors.

Photos courtesy of Pinnacle Real Estate Advisors

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