Listed by Berkshire Hathaway HomeServices N.E. Prime Properties Newport
$1,195,000
38 Crescent Street
Details
Property Type Land, Multifamily
Sub Type Apartment Building, Residential
Year Built 1900
Buildings 1
Stories 2
Acreage 4.270
Land | 4.27 acres
Marketing description
DEVELOPMENT OPPORTUNITY --- Planned 54 unit residential development (30 1-Bedroom, 18 2-bedroom, and 6 3-bedroom units) with preliminary approvals, requiring final state level 40B approval to be obtained by buyer. 65 proposed parking spaces. Single family, currently tenanted home to remain as an added bonus to buyer. Sewer betterment agreement with town of Kingston and Wetlands conservation agreement with state department of environmental protection to transfer to buyer. All final approvals shall be responsibility of buyer
Investment highlights
4.27 Acres
Sewer betterment agreement with town of Kingston in hand
Wetlands Conservation agreement with state DEP
Engineering and Architectural plans
Single family home on site to remain
potential total of 55 units
Listing Contacts
Listed by Berkshire Hathaway HomeServices N.E. Prime Properties Newport
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