Historic Pine Run Ranch of Black Forest situated on a rare 60 acre scenic park-like property with the perfect mixture of lush green meadows, towering mature ponderosa pines, large spring fed pond with draw that creates an amazing wildlife habitat. There are six homes as well as a professional horse boarding facility featuring two barns w/ one barn at 3,328 square foot w/ 15 indoor stalls, expansive indoor steel arena, 1,649 square foot workshop/tack building, 8 loafing sheds. Substantial and reliable income stream for a savvy investor - 5 of the homes are currently leased to long term tenants, one home is currently run as a successful vacation rental and the equestrian facilities are leased for boarding and training. Limitless potential for income growth w/ the possibility of adding a wedding venue. There are 16 beds and 10 baths spread across the 6 homes. Phenomenal close-in location w/ great access to amenities. The acreage is completely fenced w/ multiple paddocks and pastures. Two of the six homes are charming, turn of the century farmhouses that feature gorgeous architecture, wainscotting, crown molding and pastural settings that transport you back in time. The home that is currently used as a successful vacation rental is lovingly known as the lodge which has amazing style, exposed timber beam vaulted ceilings, rounded doorway, open entertaining spaces, cedar walls, granite counters, newer kitchen and bath w/ an abundance of natural light filled spaces from the clerestory windows. The current owners have invested substantial energy and funds to ensure the ranch is well maintained and updated w/ newer electrical, plumbing, painting, fencing, furnaces, water heaters, fiber optic internet installed, septic system, roofs, appliances, fixtures and well pumps. 5 homes and the barn have their own electric meters. This is a unique and rare opportunity to purchase a large acreage property in Black Forest w/ substantial built-in income. See this property quickly!