Pinewood Ave Multi-Family Package
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$66,666.67 Per Unit
|Property Use Type:
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Great long-term investment opportunity in Brainerd. Five contiguous buildings (3324, 3328, 3332, 3336 and 3340 Pinewood Ave) are being sold together for a package price of $1,200,000. Composed of 4 quadplexes and 1 duplex nestled at the wood's edge. Typically occupied between 94% to 100%. The buildings offer ample off-street tenant parking and are located close to a bus line. Washer and dryer facility on site, as well as office and tenant storage area. Current tenant storage area is not being marketed, yet could be a value of $35 to $45 per month per unit. Quadplexes are all low maintenance brick, and all buildings have all been well maintained. 2017 gross income was $120,000. Two units have been made vacant for easy showing, but an acceptable Letter of Intent is required to inspect the remaining non-vacant units. Properties will not be sold individually. If you are looking for long-term cash flow and low maintenance investment properties, call today for a private showing!
Attachments & Media
||147p B 018.04, 147p B 018.03, 147p B 018.02, 147p B 018.01, 147p B 018
|Total Number of Buildings:
||Lt 3 Pinewood Terrace Addn Pb62 Pg1 12, Lt 4 Pinewood Terrace Addn Pb62 Pg1 12, Lt 5 Pinewood Terrace Addn Pb62 Pg1 12, Lt 6 Pinewood Terrace Addn Pb62 Pg1 12, Lt 7 Pinewood Terrace Addn Pb62 Pg1 12
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