306 E Pine St

Description

Discover a remarkable investment opportunity in this ten-unit apartment complex, comprised of three buildings at 306, 308, and 310 Pine. This property is a solid asset for any investor or organization seeking a reliable income stream with significant potential for growth. 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. Four of the units have been recently remodeled and are currently occupied. Two units are ready for immediate occupancy and are being actively rented, while the remaining four units are perfect for a value-add strategy, awaiting renovation to maximize their rental income potential. 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. Recent improvements include freshly painted hallways and stairwells across all three buildings, enhancing the tenant experience. A continuous basement spans all three structures with access through 310 Pine, offering substantial space for storage or future use. 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 a 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.