3600 South Lowell Blvd Denver, CO 80236
- Commercial real estate
- 24,360 SF
Current Use by Public Records
- Hawk pointe apartments / Apartment Building
Property Details for 3600 South Lowell Blvd
- Year built
- 1974
- Property size
- 24,360 SF
- Property type
- Commercial real estate
Description
Hawk Point Apartments, a 30-unit multifamily property located at 3600 S Lowell Blvd, Denver, CO 80236, is offered for sale at $5,400,000. This Class C apartment building, built in 1974, comprises 24,360 square feet on a 26,964 square foot lot. The property features a mix of 20 one-bedroom/one-bathroom and 10 two-bedroom/one-bathroom units, with over 50% already renovated, presenting a significant value-add opportunity for investors. The current NOI is $288,473, with a pro-forma NOI of $357,115, resulting in a current cap rate of 5.34% and a pro-forma cap rate of 6.61%. The price per unit is $180,000, and the price per square foot is $221.67. The building is a two-story structure with one building and offers one parking space per unit. Situated on approximately 0.62 acres, the property benefits from newer windows and a newer boiler, minimizing maintenance needs. Its convenient location provides easy access to Hwy 285 and I-25, and is within a 10-minute drive of Englewood and Downtown Littleton. Nearby amenities include Bear Creek Park and River Point Shopping Area. The property's location directly across from Mullen High School adds to its appeal. The permitted zoning is RES-MF. This property presents a compelling investment opportunity with considerable rental upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.03464610061
- Latitude
- 39.650698721065
