J
Seller's Agent in 2023
Joe Danisch
Coelho Realty Group LLC
1 Laurel St Arlington, MA 02476
Arlington Heights Neighborhood
6
Beds
3
Baths
2,701
Sq Ft
2,614
Sq Ft
Highlights
- Golf Course Community
- Medical Services
- Property is near public transit and schools
- M. Norcross Stratton Elementary School Rated A
- Deck
- 3-minute walk to Cutter School Park
About This Home
As of August 2023Turn-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.
Last Agent to Sell the Property
Joe Danisch
Coelho Realty Group LLC Listed on: 07/18/2023
Last Buyer's Agent
Joe Danisch
Coelho Realty Group LLC Listed on: 07/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,091
Year Built
- Built in 1907
Lot Details
- 2,788 Sq Ft Lot
- Street terminates at a dead end
- Corner Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,701 Sq Ft Home
- Insulated Windows
- Wood Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- 3 Heating Zones
- Separate Meters
Additional Features
- Deck
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $7,050
- Assessor Parcel Number 322595
Community Details
Overview
- 3 Units
- Near Conservation Area
- Property has 2 Levels
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $84,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2023 08/31/23 | Sold | $1,290,000 | -4.4% | $478 / Sq Ft |
| 07/26/2023 07/26/23 | Pending | -- | -- | -- |
| 07/18/2023 07/18/23 | For Sale | $1,350,000 | -- | $500 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73137742
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