104 Pine Street Street
Stabilized five-unit multifamily property in Glenwood City
Marketing description
Stabilized five-unit multifamily property in Glenwood City offering immediate operational continuity and long-term ownership value. With all units occupied and a history of low vacancy and limited turnover, this property presents a practical opportunity for buyers seeking a manageable first multifamily acquisition or a seamless addition to an existing rental portfolio. The building has seen consistent care and selective improvements over time, including remodeled units, newer vinyl siding, and a roof replaced approximately ten years ago—helping reduce near-term capital uncertainty. The diversified unit mix supports steady operations while keeping the overall scale approachable for hands-on ownership or streamlined management. An additional cement block storage building adds functional utility and flexibility for ownership. Supporting documentation, including a current rent roll and operating history, is available in the supplements to assist buyers with underwriting and informed decision-making. Well-suited for buyers focused on acquiring a stabilized income-producing property that can be stepped into with minimal disruption, this offering balances operational stability with long-term hold potential in a market known for consistent rental demand
Investment highlights
Seller has provided a current rent roll along with multiple years of operating history in the supplements to support buyer due diligence and lender underwriting. The property is acting as a stabilized asset which may make it a suitable candidate for DSCR-style financing; contact the listing agent for additional details or lender referrals. Exterior updates include newer vinyl siding and a roof replaced approximately ten years ago, helping reduce near-term capital concerns. Showings require 24-hour advance notice due to occupancy. All offers are requested to include the following 1031 exchange language "Buyer agrees to cooperate with. Seller’s possible 1031 exchange, provided such cooperation is at no cost, expense, or liability to Buyer and does not delay closing. Landlord pays electric for Apt 3 and 4 and covers water/sewer, lawn & snow for the all the units. Units 1&2 have electric bills. Unit 4 has gas bill. Unit 5 has gas + electric bill. Exact year built is unknown. Showings require 24-hour advance notice due to occupancy. Information deemed reliable but not guaranteed; buyers and agents to verify all details independently. Show only Apartment 1 and the basement. To maintain privacy of the tenants and to keep the sale somewhat on the down low, viewing other units will only be approved after an accepted offer, which of course will be contingent upon view those other units.
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