31-33 Acton St Arlington MA 02476 MLS #73273747

31-33 Acton St
Arlington, MA, 02476
$1,500,000
5 Beds
5 Baths
3,859 SqFt
0.29 Acres
$1,500,000
31-33 Acton St
Arlington, MA, 02476
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.

Property Details

Price:
$1,500,000
MLS #:
73273747
Status:
Pending
Beds:
5
Baths:
5
Address:
31-33 Acton St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Arlington
Listed Date:
Aug 5, 2024
State:
MA
Finished Sq Ft:
3,859
Total Sq Ft:
3,859
ZIP:
02476
Lot Size:
12,659 sqft / 0.29 acres (approx)
Year Built:
1907
Units:
5

Schools

Elementary School:
Dallin/Brackett
Middle School:
Gibbs/Ottoson
High School:
Arlington High

Interior

Appliances
Range, Refrigerator
Bathrooms
5 Full Bathrooms
Flooring
Vinyl, Carpet, Laminate, Hardwood
Heating
Natural Gas
Laundry Features
Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Laundromat, Bike Path, Public School
Construction Materials
Frame
Exterior Features
Rain Gutters
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
5
Roof
Shingle

Financial

Net Operating Income
$89,820
Tax Year
2024
Taxes
$13,152
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Century 21 North East. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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31-33 Acton St
Arlington, MA