Multi-Unit Ultra-Luxe Property Investment in Pittsfield, MA
Financial Details
- Asking Price:
- $799,000
- Annual Revenue:
- $105,000
- Profit Metric:
- NOI
- Location:
- Pittsfield, MA, US
- Source:
- Date:
- September 14, 2025
Key Highlights
Description
This listing presents a compelling investment opportunity in Pittsfield, Massachusetts, featuring a completely transformed, ultra-luxe multi-unit property. The property comprises four distinct units: two 1-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit within the farmhouse, and a separate 3-bedroom/3-bathroom loft-style residence. Situated adjacent to the Barrington Stage Co., the property benefits from a consistent income stream, particularly from the theater's 5-month summer residency, and also serves traveling medical professionals from Berkshire Medical. All units have been renovated with new everything, including separate utilities, tiled showers, and a 4-bay garage providing ample off-street parking. The location is strategic, near North Street and ongoing re-development. Furthermore, current zoning allows for significant expansion, with potential to build up to three additional stories above the existing garage, offering substantial upside for investors. This is an ideal opportunity for an investor looking to acquire a high-performing asset with future growth potential.
Industry Information
- Industry Description:
- Real Estate Investment
- Classification:
- Building & Construction
Operational Snapshot
- Year Established:
- 2018
Real Estate & Lease
- Status:
- Owned
Broker Contact
- Name:
- Michael Castellano
- Company:
- Gilcrest Properties
- Phone:
- 518-818-6963
Listing Details
- Listing ID:
- 58d39b45-955b-442a-820a-05509dcabd3e
- Source Listing ID:
- 2235298
- Deal Status:
- For Sale
- Date Posted:
- September 14, 2025
- Last Updated:
- September 14, 2025
- Currency:
- USD