Arlington Commons 77-79 Arlington St Immeuble residentiel 54 lots 12 780 000 € (236 667 €/Lot) Taux de capitalisation 6,04 % Framingham, MA 01702

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Arlington Commons, a 54-unit apartment complex located at 77-79 Arlington Street in Framingham, Massachusetts (the “Property”). Situated in an incredibly convenient Downtown Framingham location, Arlington Commons is a short walk from the commercial center at the intersection of Waverly and Concord Streets as well as the Framingham MBTA station. The location offers easy access to area highways and to an appealing mix of national and local restaurants and retailers serving the downtown area.
Arlington Commons consists of two, twin 27-unit brick buildings and contains (27) 2-Bedroom/1-Bathroom units, (21) 1-Bedroom/1-Bathroom units, and (6) studio units with 30,048 square feet of living area in 45,264 square feet of gross area on a 1.12-acre lot. Tenants of the Property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property has been subject to significant capital improvements, with forty-eight (48) of the units recently renovated with updated kitchens, bathrooms and flooring throughout, common area renovations, exterior renovations including landscaping and painting, new rubber roofs, new parking lot, new sewer pumps, and new vinyl replacement windows. Tenants benefit from an on-site laundry facility and wall AC’s in all units.
Arlington Commons offers the opportunity to acquire a renovated property with high historical occupancy and future upside in a desirable MetroWest location at a significant discount to replacement cost. The subject property is ideal for a potential buyer looking for an attractive, stabilized asset and income growth. Framingham’s future is promising, supported by ongoing commercial growth, infrastructure improvements, and a strong regional economy that continues to attract businesses and residents alike