77-79 Arlington St, Framingham, MA 01702
- $15,100,000
- 81
- BD
- 54
- BA
- 30,048
- SqFt
- Sold Price
- $15,100,000
- List Price
- $15,000,000
- Status
- SOLD
- MLS#
- 73430910
- Bedrooms
- 81
- Bathrooms
- 54
- Full Baths
- 54
- Living Area
- 30,048
- Lot Size (Acres)
- 1.12
- Year Built
- 1970
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.
Additional Information
- Taxes
- $120,332
- Parking Description
- Off Street
- Lot Description
- Other
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Kelleher - Pentore Team from Listing Office: Horvath & Tremblay.
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