Location
Executive Summary
Built in 1968, Pine River is a ranch-style building consisting of 12 units. The property contains a desirable unit mix of 8, one-bedroom units (550 ft.2) with a rental rate of $890, and 4 two-bedroom units (850 ft.2) with a rental rate of $1,075. Notable for investors is the current and historic occupancy, which is currently at 100% and has performed between 95%-100% occupancy for many years. Pine River is outfitted with a Landlord-paid, hot-water baseboard heating system and the electricity is separately metered. Amenities at the property include on-site laundry and ample parking.