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77-79 Arlington St Framingham, MA 01702

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For Sale
$15,000,000

Twin 27-unit buildings with recent renovations and income growth potential.

Lot size:
1.12 Acres

Property Features for 77-79 Arlington St

General Information

Lot size
1.12 Acres

Building Details

Year built
1970

Source: Horvath & Tremblay Agent Kelleher - Pentore Team

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Apartment Buildings in Framingham

Arlington Commons features two identical 27-unit brick buildings, comprising 27 two-bedroom, one-bathroom units, 21 one-bedroom, one-bathroom units, and 6 studio units. Significant capital improvements have been made, including the renovation of 48 units with updated kitchens, bathrooms, and flooring. Common areas and the exterior have also been renovated with landscaping and painting. Additional improvements include new rubber roofs, a new parking lot, new sewer pumps, and new vinyl replacement windows. Tenants are responsible for their electric heat, while the landlord covers common area electric, gas-fired hot water, and domestic water and sewer. The property presents an opportunity to acquire a renovated asset with a history of high occupancy and potential for future upside in a desirable MetroWest location. This property is suitable for a buyer seeking a stabilized asset with income growth potential.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Framingham
County
Middlesex
State
Massachusetts
Longitude
-71.416559
Latitude
42.273532

FAQs

What type of property is this?
Apartment building - Twin 27-unit buildings with recent renovations and income growth potential.
Where is this apartment building located?
The property is located at 77-79 Arlington St Framingham, MA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: - Significant recent capital improvements including **48 renovated units with updated kitchens, bathrooms, and flooring**.; - New rubber roofs, parking lot, sewer pumps, and vinyl replacement windows.; - Desirable MetroWest location.
More about this property
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