55 Crystal St - Apartments FOR SALE


Lenox Dale, MA 01242
$2,250,000 USD
917-680-4616
55 Crystal St, Lenox Dale, MA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/16
null | 7.73% Cap Rate

55 Crystal St
Lenox Dale, MA 01242


OVERVIEW

This historic former private school, known as Clinton Hill, is situated in a desirable residential neighborhood and was built in 1930. The two-story masonry building, which also includes a basement, was converted into 11 rental units several years ago. Just a five-minute drive from the historic town of Lenox, the property features spacious, renovated one-bedroom apartments with private bathrooms, hardwood floors and ample parking. The building also includes a coin-operated laundry facility and storage space. The property maintains stable tenancy with opportunities for increased rental income. All units are separately metered. Located between Old Town Way and Elm St, it is nestled on two acres with distant views, with potential for expansion. Qualified developers may explore the possibility of subdividing the oversized lot for additional residential housing.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

11

PRICE/UNIT

$204,545

CAP RATE

7.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

17

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

R-15

APN/PARCEL ID

LENO-000039-000074

ASK ABOUT THIS PROPERTY

Larry RossCOMPASSMore Info
917-680-4616

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Larry RossCOMPASSMore Info
917-680-4616

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