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1 Laurel St, Arlington, MA

Arlington · MA 02476

$1,290,000
Price
6
Beds
3
Baths
2701
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1907
Units: 3 Units
Lot size: 2,788 Sq.Ft Lot
Price per square foot: $500 / Sq.Ft
Parking: 3 Off Street Spaces

About this home

Turn-key investment property right in Arlington Center. Equipped with a 3-car driveway, maintenance-free fiber cement siding, newer windows, and a roof that was replaced just five years ago, 1-3 Laurel St. provides an ideal buy-and-hold venture in a market flush with overpriced multi-families. Each unit is separately metered for both gas and electricity, with newer Bryant furnaces, central heating, and 100-amp electrical service on each level. Kitchens and baths have all been updated in the last 5-7 years and the cumulative rent roll amounts to $84,600/year. Unit #1 is a Philadelphia-style 3 bed, 1 bath ($2,750), unit #2 is a floor-through 2 bed, 1 bath ($2,500) and unit #3 is a 1 bed, 1 bath on the top level ($1,800). All leases span to 8/31/24.

Neighborhood & Transit

East Arlington

1 Laurel St, Arlington · MA 02476

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
1203 days
Listing Price:
$1,350,000
Price per Sq.Ft:
$500
Tax Assessment:
$900,200 in 2023
Taxes:
$841 / Monthly

Home Facts

Interior Features

Bedrooms
6
Full Bathrooms
3
Half Bathrooms
0
Living Area
2,701 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
2701
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Individually Metered, Varies per Unit

Exterior Features

Lot Size
2,788 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
3 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Fiber Cement Siding
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Joe Danisch
Listing office
Coelho Realty Group LLC
MLS PIN #
73137742
Disclosure
Seller reserves the right to accept an offer at any time. All offers, if any, to be submitted by Tuesday (7/25/23) at noon and must include preapproval letters or proof of funds.