55 Crystal St - Apartments FOR SALE


Lenox Dale, MA 01242
$1,950,000 USD
203-614-1260
55 Crystal St, Lenox Dale, MA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

55 Crystal St
Lenox Dale, MA 01242


OVERVIEW

Northeast Private Client Group is pleased to present 55 Crystal Street, a fully renovated 10-unit multifamily asset located in the Berkshire County village of Lenox Dale, Massachusetts. Originally constructed in 1930 and extensively updated in 2019, this two-story 11,608-square-foot low-rise apartment building offers a stabilized, turnkey investment opportunity with strong in-place operations. Situated on a 2.0-acre parcel, the property features 10 spacious one-bedroom units, each equipped with modern finishes including stainless steel appliances, dishwashers, and updated kitchens and baths. Tenants enjoy on-site laundry facilities, storage space, a picnic area, which enhances resident satisfaction and retention. The highest achieved rent for a one-bedroom unit is approximately $2,000, reflecting the property's upgraded condition and desirable location. The property benefits from its position within the Berkshires, where the current vacancy rate in Lenox is approximately 4.9 percent. Lenox Dale offers a quiet residential setting with proximity to cultural, recreational, and employment hubs. The property is less than 10 minutes from Lenox’s vibrant town center, approximately 20 minutes from Great Barrington, and 18 minutes from Pittsfield Amtrak Station, with convenient access to major commuter routes. An exciting opportunity exists to develop additional apartments behind the building, utilizing adjacent land with potential for further expansion and parking. This presents an attractive prospect for investors seeking long-term value appreciation and increased income potential.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

11

PRICE/UNIT

$177,273

CAP RATE

Request Cap Rate

% 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

Connor DunnNortheast Private Client GroupMore Info
203-614-1260

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Connor DunnNortheast Private Client GroupMore Info
203-614-1260

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