23-36 Pine Crest Ridge - Apartments FOR SALE


Woodstock, CT 06281
$4,320,000 USD
860-508-2102
23-36 Pine Crest Ridge, Woodstock, CT for Sale
$4,320,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

23-36 Pine Crest Ridge
Woodstock, CT 06281


HIGHLIGHTS

  • Pinecrest Apartments is a meticulously maintained 14-unit residential community situated on 5.5 acres and is 100% occupied

OVERVIEW

Pinecrest Apartments is a meticulously maintained 14-unit residential community situated on 5.5 acres in Woodstock, CT, reflecting clear pride of ownership, durable construction, and sustained tenant demand. Built in 1989, the property is 100% occupied and offers a highly desirable mix of 13 townhome-style units and one ranch-style residence. The unit mix includes: (2) 1BR/1BA, (9) 2BR/1.5BA, (1) 2BR/2BA, and (2) 3BR/1.5BA. Twelve units have been thoughtfully renovated with updated kitchens and baths, new flooring and paint, finished basements, and in-unit laundry-positioning the asset at the top of its market. Exterior features include white vinyl siding, newer windows, and a park-like backyard setting with private decks off each unit. Every residence offers an oversized private garage (two with attached garages), ample onsite parking, and private entrances. Additional amenities include four EV charging stations (eight plugs), centralized mailboxes, and a common dumpster serviced twice weekly. Operating efficiency is enhanced by tenant-paid electric baseboard heat and individual in-unit hot water heaters. This offering may be acquired individually or as part of a portfolio sale with the 14-unit asset, Brookside Apartments, allowing investors to achieve immediate scale, operational efficiencies, and long-term value growth. A truly turnkey, low-maintenance asset delivering stable occupancy and strong cash flow.

FOR SALE DETAILS

PRICE

$4,320,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

14

PRICE/UNIT

$308,571

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pinecrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,580 SF

ZONING

0

APN/PARCEL ID

WOOD-006397-000058-000002A-A000000-23

ASK ABOUT THIS PROPERTY

Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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Lisa CozziThe Cozzi TeamMore Info
860-508-2102

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.