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529 S Pine St
For Sale $4,995,000
$4,995,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 18,060 Sq Ft
Description
Are you the kind of investor who is looking for the next high-income producing opportunity? Are you excited by a multi-family building designed for student housing or communal living? If so, this deal is for you.
This newly built co-living property has been years in the making, with extensive planning, approvals, and construction now nearing completion. The property was designed specifically for student and communal living. It offers 42 total bedrooms across six 5-bedroom units and two 6-bedroom units. Each bedroom has its own smart lock, and the shared kitchens and bathrooms create a practical setup for communal, dorm-style living that helps maintain high occupancy and steady income.
The projected numbers are strong. The developer anticipates monthly income of $55,900 dollars and annual gross income of $670,800 dollars, which supports a 9.7% percent cap rate at a purchase price of $4,995,000 dollars. The property is also located in an Opportunity Zone, providing valuable tax advantages that can enhance long-term returns.
If you want an investment that rewards effort, demands smart management, and delivers the kind of cash flow most properties can’t touch, this one deserves your attention.
The location offers the kind of built-in demand investors look for. With Hancock College just minutes away and the consistent need for farm labor, the property benefits from a steady flow of students and seasonal workers seeking affordable, flexible housing. This consistent renter base will support strong occupancy levels year-round.
If this investment fits what you’ve been looking for, contact us to arrange a private showing.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,995,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 6 spots |
| Year Built | 2025 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 123131014 |
| MLS # | SC25262675 |
| Property ID | 322405390 |
| Lot Sqft | 18,060 |
| Zoning | R3 |
| Total Units | 8 |
| Days on Market | 74 |
| Original List Price | $4,995,000 |
| Applicances | ENERGY STAR Qualified Appliances,ENERGY STAR Qualified Water Heater,Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Microwave,Refrigerator,Water Heater% |
| Date Updated | December 19, 2025 |
| Date Created | November 18, 2025 |
Listing Provided By
Owen Schwaegerle an agent of . Lic #02040597
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 19, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT