Apartment Building Sale – Littleton

Price: $650,000

Units: 5

Address: 498 W POWERS AVENUE

City: LITTLETON

State: CO

ZIP: 80120

PINNACLE ANNOUNCES THE SALE OF 498 W POWERS AVENUE IN LITTLETON

Denver, CO – October 18th, 2017 –  Chris Knowlton, Associate Advisor at Pinnacle Real Estate Advisors, LLC, Jim Knowlton, Principal at Pinnacle Real Estate Advisors, LLC, and Robert Lawson, Senior Advisor at Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 498 W Powers Avenue located in Littleton, CO. The 5-unit property, built in 1972, sold for a contract price of $650,000; $130,000 per unit and $208.94 per square foot. The property, consisting of four 1Br/1Ba units and a back 3Br/3Ba townhouse, featured newer windows, newer roof, new boiler and hot water heater, and fresh exterior paint. Chris Knowlton with the Knowlton│Lawson Team represented the Buyers in the transaction.

“The Buyers own other multi-family properties in the area and saw this as a great opportunity to add to their portfolio,” said Knowlton.

For more information, please contact Jim Knowlton at 303-962-9543 or Jeff Johnson at 303-962-9556.

Pinnacle Real Estate Advisors
Pinnacle Real Estate Advisors is a full-service commercial real estate brokerage firm servicing clients globally who own commercial properties in the metro Denver area and throughout Colorado. Our expertise encompasses all commercial real estate property types. We have experienced advisors specializing in apartment building sales and acquisition; retail property sales, leasing and acquisition; office property sales, leasing, tenant representation, and acquisition; and industrial property sales, leasing and acquisition. The Pinnacle Experience™ is a unique approach that is focused on each client’s needs, delivering superior real estate guidance, proven market perspective and unmatched results. Pinnacle Real Estate Advisors combines market expertise with a Full Spectrum Marketing™ campaign that delivers innovative real estate solutions that are client-centric and relationship focused. In 2016, Pinnacle Real Estate Advisors closed 338 transactions for a total of $622 million. To view a current list of our buildings for sale in Denver, visit:www.pinnaclerea.com/properties.