Blake Leavitt at KW Commercial is proud to present the value-add opportunity to acquire Pinnacle Apartments, a 60 unit class B apartment community in Las Vegas that was built in 1984. Pinnacle Apartments is strategically located in the Northeast Las Vegas submarket directly along Las Vegas Boulevard, providing efficient access to Downtown Las Vegas, the Las Vegas Strip, Nellis Air Force Base, Apex Industrial Park, and the growing North Las Vegas industrial corridor, which continues to attract significant logistics and manufacturing investment. The surrounding area benefits from strong workforce housing demand driven by nearby industrial employment centers, national distribution facilities, and ongoing population growth throughout Southern Nevada, making Pinnacle Apartments well-positioned to capitalize on continued renter demand in one of the region’s key workforce housing corridors.
Pinnacle Apartments is situated on a large 2.88 acre lot and features spacious units, a gated entrance, plentiful carport parking, an onsite laundry room, and a large courtyard. Approximately 50 out of the 60 units have been renovated under current ownership along with new exterior two tone paint. The property is under new management as of April 2026 and is currently in the lease up phase. There is a value-add opportunity to acquire the property at an attractive price per unit to continue the lease up phase, perform exterior renovations in the common areas, perform interior renovations on the remaining non-renovated units, and increase the additional income stream.