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Pinecrest Apartments 23-36 Pine Crest Ridge 14 Unit Apartment Building $5,951,794 CAD ($425,128 CAD/Unit) Woodstock, CT 06281



INVESTMENT HIGHLIGHTS
- Pinecrest Apartments is a meticulously maintained 14-unit residential community situated on 5.5 acres and is 100% occupied
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $5,951,794 CAD | Building Class | C |
| Price Per Unit | $425,128 CAD | Lot Size | 5.50 AC |
| Sale Type | Investment | Building Size | 14,500 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1989 |
| Apartment Style | Low-Rise | Parking Ratio | 1.93/1,000 SF |
| Zoning | 0 | ||
| Price | $5,951,794 CAD |
| Price Per Unit | $425,128 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.50 AC |
| Building Size | 14,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | 0 |
AMENITIES
UNIT AMENITIES
- Deck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1.5 | 9 | - | - |
| 2+2 | 1 | - | - |
| 3+1.5 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | WOOD-006397-000058-000002A-A000000-23 | Improvements Assessment | $932,585 CAD |
| Land Assessment | $97,130 CAD | Total Assessment | $1,029,715 CAD |
PROPERTY TAXES
Parcel Number
WOOD-006397-000058-000002A-A000000-23
Land Assessment
$97,130 CAD
Improvements Assessment
$932,585 CAD
Total Assessment
$1,029,715 CAD
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Pinecrest Apartments | 23-36 Pine Crest Ridge
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