$10,500,000
72
Beds
36
Baths
31,191
Living Area
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Property Description
174 Pine Street contains (36) 2-Bedroom/1-Bathroom townhouse units and is comprised of 4 well maintained buildings. The direct entry townhouse units offer full basements with exterior access, ample storage space, individual mechanical systems, and laundry hookups for a washer and dryer. The units are separately metered for electricity, gas fired heat and hot water, and domestic water and sewer. Within the past 10 years, current ownership has completed numerous capital upgrades and renovations to a majority of units (32 of 36 units renovated with new kitchens and bathrooms). Additionally, 25 of the roofs and approximately two-thirds of the parking surface area have been replaced. All windows are vinyl replacement windows, and every unit is equipped with a newly installed rear deck and stairway. The opportunity exists to increase rents to market rates via programmatic updates to the unrenovated units in a highly desirable, supply-constrained market.
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Highlights
- Acres: 2
- Parking Spots: 72
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 99
- Status: Closed
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1965
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Additional Details
- Basement: Unfinished
- Lot Features: Other
- Roof: Shingle
- Total Number of Units: 36
- Year Built Source: Public Records
- Foundation: Other
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R-3
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Stable(s), Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
- Parking Features: Off Street, Assigned
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $3,991,400
- Taxes: $52,607
- Tax Year: 25
- Total Rent: $32,767
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Listing information provided courtesy of Horvath & Tremblay.
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