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Key Facts

Type 5 Family or More
Levels Residential Income
Size 39000 sqft
Garage No
Maintenance Fees 
Taxes $20,514
Days Active 10
Approx. Age 1988
Avg. Price Per Sqft $128
MLS® Number 25051957

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Pinetree Apartments is a 65-unit multifamily property located in the sought-after Fenton area of Jefferson County. Constructed from 1981-1992 and situated on 3.2 acres, the property has been owned and managed by the same family for over 40 years, reflecting strong long-term care and consistent performance. Each unit is all-electric and includes in-unit washer and dryer, with 28 units recently upgraded with new kitchens. The property also features new roofs and an on-site laundry facility. Pinetree offers a rare value-add opportunity with below-market rents and significant upside potential through continued renovations and professional management. The expansive land provides future flexibility for added amenities or potential expansion. This is an ideal acquisition for investors seeking stable cash flow with long-term growth in a strong suburban market.Show Description
MLS® Number25051957
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1988
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CWall Unit(s)
Heating Fuel

Extras

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