About The Property

AUCTION - Selling at Public Auction-CASH- AS-IS. List price is BPO and not asking price. Rare opportunity to acquire Pine Forest Apartments, a well-maintained 13-unit multifamily investment property generating $132,060 in annual gross rental income with immediate cash flow and significant upside. Family owned and professionally managed for more than 70 years, this historic brick building features stable occupancy, long-term tenants, and zero delinquency. One vacant unit is ready for lease, providing immediate income growth potential. Investors will appreciate the opportunity to increase rents over time, add up to five additional units (subject to applicable approvals), or explore future condominium conversion. Originally constructed in the early 1930s, the building offers exceptional quality rarelyRead MoreRead Less
Courtesy of Tranzon Key Auctions, John Cates, 888-621-2110.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
13,650
Lot Size
2.42 Acres
Year Built
1933
MLS Number
10184331
Koren Bowman
REALTOR
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Additional Details

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Appliances & Equipment
Appliances: Electric Range, Electric Water Heater, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Range, Free-Standing Refrigerator, Freezer, Gas Water Heater, Range, Refrigerator, Water Heater
Basement
Basement: Concrete, Daylight, Partially Finished, Unfinished
Building
Building Area Total: 13650, Building Area Units: Square Feet, Building Features: Cable TV, Coin Operated Washer/Dryer, High Speed Internet, Construction Materials: Brick, Living Area Units: Square Feet, Living Area: 13650, Structure Type: Multi Family, Year Built: 1933
Cooling
Cooling: Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s), Cooling Included
Exterior Features
Exterior Features: Barbecue, Outdoor Grill, Rain Gutters
Floors
Flooring: Tile, Wood
Foundation
Foundation Details: Brick/Mortar
Heating
Heating: Central, Hot Water, Radiant, Heating Included
Interior Features
Interior Features: Ceiling Fan(s), Chandelier, Crown Molding, Laminate Counters
Laundry
Features: Common Area
Lot
Lot Features: City Lot, Lot Size Acres: 2.42, Lot Size Area: 2.42, Lot Size Dimensions: 250 x 452 x 257 x 382, Lot Size Square Feet: 105415.2, Lot Size Units: Acres, Parcel Number: 3712438630000
Property
Property Sub Type: Multi Family
Roof
Roof: Shingle
Taxes
Tax Annual Amount: 3860.23
Utilities
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
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Courtesy of Tranzon Key Auctions, John Cates, 888-621-2110.

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