The Hilltop Apartments

Highlights

• Immediate rental upside with no need for significant capital investment. Further value-add potential through light interior renovations to enhance overall appeal and drive rent growth
• No deferred maintenance or major CapEx requirements following recent upgrades including roofing, HVAC replacement, keypad entry, fire panel upgrade, and refreshed common areas
• Thoroughly maintained with meaningful improvements providing a strong physical foundation and operational stability
• Prime Lakewood location near Belmar Shopping District, Addenbrooke Park, and Lakewood City Center, offering convenient access to shopping, dining, and recreation
• Excellent connectivity via West 6th Avenue, Alameda Avenue, and Union Boulevard, allowing for quick access to downtown Denver and surrounding employment centers

Description

The Unique Apartment Group is pleased to present the opportunity to acquire 10537 W 6th Pl in Lakewood, Colorado, also known as The Hilltop Apartments. The Hilltop Apartments is a two-story multifamily asset consisting of eight (8) units, featuring a mix of seven (7) one-bedroom/one-bathroom units and one (1) studio. The building offers an efficient design and desirable unit mix that appeals to a wide range of tenants seeking affordability and convenience in the heart of Lakewood. Current ownership has kept the property in excellent condition through consistent investment in maintenance and significant capital improvements within the last decade. Recent projects include a new roof, HVAC replacement, keypad entry added to main doors, fire panel upgrade, and fresh paint and carpet in the common hallways. These upgrades reflect a strong commitment to long-term property care and provide a solid foundation for continued operational success. Situated in a prime Lakewood location, the property benefits from close proximity to a variety of neighborhood amenities, including the Belmar Shopping District, Addenbrooke Park, and Lakewood City Center, offering residents convenient access to shopping, dining, and recreation. The area is well-connected by West 6th Avenue, Alameda Avenue, and Union Boulevard, providing easy access to downtown Denver and the surrounding metro area. These features collectively help drive long-term tenant demand and sustained value appreciation. The property is currently operated by a Jefferson County non-profit organization, presenting a compelling opportunity for investors to reposition the asset under a traditional multifamily management model. The upside lies in aligning below-market rents with prevailing rates and improving operational efficiency through expense optimization. With a strong physical foundation already in place, the property offers room for a value-add strategy, giving new ownership the opportunity to modernize units, enhance curb appeal, and push rent values through thoughtful upgrades.

Lakewood, Jefferson County’s largest city, continues to perform as one of the west-metro area’s most balanced and sought-after rental markets. With 156,000 residents and median household income near $84,000, the city benefits from a professional workforce anchored by major employers such as the Denver Federal Center, St. Anthony Hospital, and leading manufacturing and service firms.

Development activity has moderated following several years of steady construction, leaving the current supply pipeline limited relative to demand. This measured environment has allowed existing assets to maintain high occupancy while providing room for incremental rent growth. The market’s strength is further supported by elevated home values—hovering in the high-$500,000 range—which continue to make renting an attractive long-term option for professionals and families alike.

Lakewood’s central location just minutes from Downtown Denver, along with its extensive park system and amenity base at Belmar, reinforces its strong appeal to renters seeking a suburban lifestyle with urban access. Investors benefit from stable tenancy, low volatility, and a submarket that consistently outperforms the metro average on renewal rates and resident retention.

As one of the most established and consistently performing communities in the Denver region, Lakewood represents a core market where multifamily investments enjoy both stability and long-term appreciation potential.