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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.
a week ago | Listing first seen on site | |
2 weeks ago | Listing updated with changes from the MLS® |
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