77-79 Arlington St new Save Request In-Person Tour Request Virtual Tour
Framingham,MA 01702
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 30,048 sqft
Price per Sqft $499
MLS Listing ID 73430910
Bedrooms 81
Full Baths 54
Year Built 1970
Annual Tax Amount $120,332
Tax Year 25
Lot Size 1.120 Acres
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
Arlington Commons consists of two, twin 27-unit brick buildings and contains (27) 2-Bed/1-Bath units, (21) 1-Bed/1-Bath units, and (6) Studio units. The Property has been subject to significant capital improvements, with (48) of the units recently renovated with updated kitchens, bathrooms and flooring throughout, common area renovations, exterior renovations including landscaping and painting, new rubber roofs, new parking lot, new sewer pumps, and new vinyl replacement windows. Tenants of the Property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. Arlington Commons offers the opportunity to acquire a renovated property with high historical occupancy and future upside in a desirable MetroWest location at a significant discount to replacement cost. The subject property is ideal for a potential buyer looking for an attractive, stabilized asset and income growth.
Location
State MA
County Middlesex
Zoning G
Exterior
Community Features Public Transportation,Shopping,Pool,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Private School,Public School,T-Station,University
Roof Type Rubber
Building
Lot Description Other
Story 3
Foundation Other
Sewer Public Sewer
Water Public