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Expired

40 Palmer Street, Arlington MA 02474

$1,650,000

Estimated $3,729/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $412,500

Total Rent: 60000/year

Estimated CAP Rate:

10 Bedrooms

Baths

4622

Total Parking: 6 (1 Garage)

5,911 (0.14)

PRIDE OF OWNERSHIP SHOWS IN THIS MASSIVE MULTI FAMILY HOME CONVENIENTLY LOCATED IN ARLINGTON CENTER CLOSE TO ALEWIFE, MYSTIC LAKES, SHOPS & RESTAURANTS, MINUTEMAN BIKE TRAIL AND TUFTS UNIVERSITY . Owned for over 50 years by the same family, this house is perfect use for an owner occupant looking to offset mortgage costs or the savvy investor who wants to renovate and flip. The owner's unit is a 3 level townhouse with elegant foyer, eat in kitchen, front to back living room and half bath. The upper level has 3 beds, all with generous size closets and a full bath with tile surround with an additional bedroom on the 3rd floor and full bath at one time used as a 5th unit studio. The rental units have separate front and back entrances, newer baths and functional kitchens. Large lot with mature plantings and exterior decks with a 1 car stone garage and off street parking for 4-6 cars. Don't miss this opportunity to own in Vibrant Arlington Center!!

This home has been viewed 51 times

Last Checked: May 7th, 2024 at 12:21am (Source: MLS PIN #73033043)

Gross Income: $60,000

Gross Expenses: $12,641

Net Income Calc: $47,359

Water Views

Annual Expenses for 40 Palmer Street, Arlington MA 02474

Total Gross Expenses (Calculated)$12,641/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12641.9

Annual Income & Unit Breakdown for 40 Palmer Street, Arlington MA 02474

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full, 1 Half

Floor1

Levels in Unit3

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms

Floor2

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 40 Palmer Street, Arlington MA 02474

Listing ID73033043

Property TypeMulti Family / 4 Family

Price1650000 ($356.99/SqFt)

Style4 Family

CityArlington

CountyMiddlesex

MLS AreaEast Arlington

Neighborhood(s)

Approximate Living Area Total4622

Approximate Lot Size (Acres)0.14

Total Parking6 (1 Garage)

Garage Parking1

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMF

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 40 Palmer Street, Arlington MA 02474

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Compensation Based OnNet Sale Price

Financial Information for 40 Palmer Street, Arlington MA 02474

Real Estate Taxes12641.9

Tax Year2022

Assessed Value$1,107,000

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 40 Palmer Street, Arlington MA 02474

Neighborhood(s)

MLS AreaEast Arlington

Area Amenities

Contact Information for 40 Palmer Street, Arlington MA 02474

Agent

Name: Steven Musto

Office

Name: Insight Realty Group, Inc.

Phone: 617-323-2300

Payment Calculator

, Interest

Property Taxes 1053.49

Principal & Interest 10166.78

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Insight Realty Group, Inc.

Steven Musto

Agent Phone

Office Phone

(617) 323-2300

Text Agent Call Agent Call Office

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    [unparsed] => 40 Palmer Street, Arlington MA 02474
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EXIT

38 More Photos

Expired

40 Palmer Street, Arlington MA 02474

$1,650,000

Annual Expenses for 40 Palmer Street, Arlington MA 02474

Annual Income & Unit Breakdown for 40 Palmer Street, Arlington MA 02474

General Information for 40 Palmer Street, Arlington MA 02474

Disclosures for 40 Palmer Street, Arlington MA 02474

Financial Information for 40 Palmer Street, Arlington MA 02474

Location Information for 40 Palmer Street, Arlington MA 02474

Contact Information for 40 Palmer Street, Arlington MA 02474

Agent

Office

Payment Calculator

Exclusive Listing Agent

Insight Realty Group, Inc.

Steven Musto