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Lisa Gaglione

lgaglione@todayrealestate.com +1(617) 224-8863

$ 1,500,000

Est. payment -/mo

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Pending

31-33 Acton St Arlington, MA 02476

5 Beds

5 Baths

3,859 SqFt

UPDATED:

10/07/2024 06:53 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 3,859 sqft

Price per Sqft $388

MLS Listing ID 73273747

Bedrooms 5

Full Baths 5

Year Built 1907

Annual Tax Amount $13,152

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Property Description

Located in the heart of Arlington Heights, this charming five-family home offers a rare investment opportunity. Consisting of five one-bedroom units, each occupied by long-standing tenants, this property boasts strong and stable rental income. Grandfathered as a legal five-family home, it provides unique investment security. Meticulously maintained and owned by the same dedicated owner for over 60 years, this residence has stood the test of time. Its prime location, coupled with the reliability of long-term tenants, makes this property an exceptional addition to any investor’s portfolio. Recent upgrades include newer heating systems, hot water tanks, and updated electrical systems, with rents covering both heat and hot water. All tenants are eager to stay, ensuring continued stability and income potential for the future owner. Seller is willing to provide Buyer with financial incentives in the form of closing cost credits or other compensation.

Location

State MA

County Middlesex

Zoning R2

Direction Appleton St to Acton St

Rooms

Basement Full, Interior Entry, Bulkhead, Concrete, Unfinished

Interior

Interior Features Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den

Heating Natural Gas

Flooring Vinyl, Carpet, Laminate, Hardwood

Appliance Range, Refrigerator

Laundry Washer Hookup

Exterior

Exterior Feature Rain Gutters

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Public School

Utilities Available for Gas Range, for Electric Range, for Electric Oven, Washer Hookup

Waterfront false

Waterfront Description Beach Front,1/2 to 1 Mile To Beach

Roof Type Shingle

Parking Type Paved Drive, Off Street, Paved

Total Parking Spaces 5

Garage No

Building

Story 9

Foundation Stone

Sewer Public Sewer

Water Public

Schools

Elementary Schools Dallin/Brackett

Middle Schools Gibbs/Ottoson

High Schools Arlington High

Others

Senior Community false

Listed by Gibson Sotheby's International Realty

Lisa Gaglione

Agent | License ID: 9586357

+1(617) 224-8863

Lisa Gaglione

31-33 Acton St Arlington, MA 02476

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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31-33 Acton St