Pinnacle Real Estate Advisors, LLC is thrilled to announce the successful sale of Hawk Point Apartments, a 30-unit multifamily property located at 3600 S Lowell Boulevard in Denver, CO. The transaction closed on November 26th at a final sale price of $4,975,000, equating to $165,833 per unit.

Constructed in 1974, Hawk Point Apartments offers an affordable mix of (20) 1-bedroom/1-bathroom units and (10) 2-bedroom/1-bathroom units. Around half of the units had been renovated by the seller, which proved a further renovation play for the buyer with updated finishes that aligned better with current tenant expectations in Denver’s competitive rental market. The property featured significant capital improvements already made by the seller, including newer windows and a modernized boiler system, making it an attractive investment opportunity.

Jim Knowlton, Owner/Principal at Pinnacle Real Estate Advisors, LLC, represented the Seller in this transaction, leveraging his extensive market knowledge and expertise to secure favorable terms.

Robert Lawson, Principal at Pinnacle Real Estate Advisors, LLC, represented the Buyer, utilizing his strong relationship with the buyer and tenured insight to facilitate their first acquisition into the Colorado rental market.

“Hawk Point Apartments presented an exceptional value proposition for both parties, combining a desirable unit mix, strong rental upside, and recent upgrades,” said Robert Lawson. “Our clients are excited to continue modernizing the property by renovating units, common areas, and the exterior, while strategically increasing cash flow. The property required a complete electrical rewire prior to closing to secure insurance, which presented many challenges and required experienced brokers to negotiate and navigate this complex situation. Jim and the seller selected the right buyer to execute the task which was critical to getting this one to the closing table. We look forward to seeing the improvements the buyer is making and assisting in creating long-term success for our clients.”

“This transaction is yet another example of the trusted relationships we build at Pinnacle Real Estate Advisors,” said Jim Knowlton. “I’m honored to have represented the seller once again in achieving their investment goals. Through our close collaboration and strategic planning, we were able to highlight the value of the property’s existing improvements and future potential. Helping my client navigate the complexities of this sale, including the property’s electrical rewire requirements, was a rewarding experience. I’m excited to see how the buyer’s plans will further enhance Hawk Point Apartments and contribute to their long-term success.”