$1,229,000
455 Summer St #455-457 Arlington, MA 02474
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,229,000
Est. payment /mo
6 Beds
2 Baths
OPEN HOUSE
Fri May 10, 2:00pm - 4:00pm
Sat May 11, 12:30pm - 2:30pm
Sun May 12, 12:30pm - 2:30pm
UPDATED:
05/08/2024 04:21 AM
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Bedrooms 6
Full Baths 2
Property Description
A rare side-by-side two-unit Multifamily in Arlington Heights. Fully leased and professionally managed. Rented for $5,900 / month until Sep 1 2024. Lease renewals have not been offered to allow maximum flexibility for the new owner. Both tenant groups; however, have been long-term and have expressed interest in renewing. A rent roll sheet is available upon request. Both units are near mirror images with minor differences. Each unit has a separate entrance through a covered large porch into a foyer with a coat closet. Hardwood floors throughout (tile in kitchen), separate living rooms with fireplaces, separate dining rooms, large kitchens with gas cooking and separate rear walkouts onto a covered concrete small balcony overlooking the partially fenced box-shaped yard with considerable space to use. Three good-sized bedrooms on the second floor of each unit all with good-sized closet space. Updates include conversion from oil to gas, new heating unit in 457, new dryer, stove and toilet in 455, new basement steps in both units, masonry work and garage floor resurfacing. The very long driveway can fit 6 cars tandem and there are 2 garage bays. Massachusetts Avenue is 1/4 mile away, Minute Man trail is nearby, and there is easy access to Route 2 into Cambridge.
Disclosures and Firm Remarks:
Hitting MLS May 8th 2024 or Sooner.
Property is being sold-as-is and all information including marketing materials is to the best of the agent's and sellers knowledge, including floor plans and square footage.
Sellers Have Agreed Ahead of Time to either A Dual Agency with listing agent representing seller and buyer or Designated Buyer Agency within the listing agents' brokerage. There is a variable rate commission. Seller agrees to pay a buyer's agent 2% commission net sale price at asking price if an offer is accepted prior to listing the property on MLS.
Both units are occupied by tenants with leases until 8/31/2024. Both tenants have expressed interest in renewing. Renewal offers have not been provided yet in the event a buyer wishes to owner occupy one or both units. Rents are considered below current market price, substantiating a rental price increase upon renewal. Property is professionally managed by Penrose Realty Group for $75/ month per unit.
Disclosures and Firm Remarks:
Hitting MLS May 8th 2024 or Sooner.
Property is being sold-as-is and all information including marketing materials is to the best of the agent's and sellers knowledge, including floor plans and square footage.
Sellers Have Agreed Ahead of Time to either A Dual Agency with listing agent representing seller and buyer or Designated Buyer Agency within the listing agents' brokerage. There is a variable rate commission. Seller agrees to pay a buyer's agent 2% commission net sale price at asking price if an offer is accepted prior to listing the property on MLS.
Both units are occupied by tenants with leases until 8/31/2024. Both tenants have expressed interest in renewing. Renewal offers have not been provided yet in the event a buyer wishes to owner occupy one or both units. Rents are considered below current market price, substantiating a rental price increase upon renewal. Property is professionally managed by Penrose Realty Group for $75/ month per unit.
Location
State MA
County Middlesex
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Listed by Andrew Stuckey • Penrose Realty