120 Diamond Street, Lenox, NY

About 120 Diamond Street

Welcome to 120 Diamond Street. This charming and rare 4-unit is a perfect value add to any portfolio or an excellent owner-occupied house-hacking contender. 4 units span across just over 4,200 square feet of living space. There are 2, one-bedroom units and 2, two-bedroom units. 3 units are thoughtfully updated and remodeled and actively generating income, while one unit is down to the studs and requires your vision. Completing this unit would create a quick forced appreciation opportunity for the right buyer. The home is ideally situated on a corner lot with a large parking area at the rear for 4+ cars, a major plus for tenants. An attached garage on the backside of the building adds extra storage and could create additional value transformed into tenant storage or a possible coin-op laundry area. Rents are currently below market value but, could generate $3,000+/ month and $4,500+/ month after the fourth unit is complete and rented. In the village and close to everything. Only 3 minutes to I-90! Don't miss out on this rare opportunity to have 4 income generating units all in one place!

Listing Map