
$399,900
306, 308, 310 E Pine - Apartment Complex
Details
APN 087-125-16-0-33-04-006.00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,560
Units 10
NOI $60,000
Occupancy 70%
Tenancy Multi
Price per SqFt $61
Class B
Year Built 1930
Stories 2
Lot Size (SqFt) 4,346
Zoning JP HILTONS
Investment Type Stabilized
Multifamily | 10 Units
Marketing description
Proudly presented by Ashley Collins of Asher House Realty. Expand your real estate portfolio with a proven income-generator at 306, 308, and 310 Pine. This well-maintained, ten-unit apartment complex spans three connected buildings and represents a solid, low -maintenance asset designed to deliver consistent returns from day one. The complex features ten one-bedroom, one-bathroom units , each equipped with essential amenities including a stove, refrigerator, and a window unit for both heating and cooling. The property currently boasts strong occupancy with seven tenants in place, leaving only three vacancies that are actively being marketed and rented. Constructed entirely of brick, these buildings are durable and low-maintenance. They offer enhanced security with electric keypad access at the main entrances and on several individual units. Additionally, a continuous basement spans two of the buildings with access through 310 Pine, offering substantial space for storage or future utility. The location is unparalleled, sitting directly on a major bus line and within walking distance of key community resources. The property is just a short trip from the hospital, downtown restaurants, the courthouse, churches, and more. With the owner currently covering all utilities except electricity, this property offers a streamlined management experience and a clear path to maximizing returns.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
15%
Cap Rate
15%
ROI
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