33 PINE St

A Remarkable Downtown Red-Brick Fourplex. To Say It's Rare To Find A Multi-Unit Property So Well-Finished, So Bright And Well-Organized, So Ready For Your Hand-Picked Tenants (Every Unit Is Vacant), And Just So Darned Pretty, Is To Understate Things By A Lot. There Are Polished Hardwood Floors, Both New And Old, Everywhere You Look, And Plenty Of Exposed Brick Too. You Would Be Pleased To See Any Of The Four Kitchens In Your Own Home, Same With The Bathrooms. Being A Landlord Is Tough Work And Being A Tenant Is No Picnic Either. But With A Property Like This One, Our Expectation Is That Everyone Can Be Happy, Or More Likely Thrilled, With Where They've Ended Up. There Are Two Two-Bedroom Units Facing Pine St, Both Of Them Lovely, And Then Two Studio Apartments Around The Corner On Cowdy St. Tenants Pay Their Own Hydro (It's Baseboard Heat) And The Owner Pays Water And Sewer. There Is Even A Small Pea Gravel Courtyard That Reminds Us Of The Pig's Patio, Only Rendered In Miniature. We've Projected What We Think Are Some Reasonable Rents And See A Cap Rate Here Right Around Seven Percent. Yes, You Read That Right - Seven Percent.