Perched atop Forest Street, this classic two-family home, in need of renovation, offers a rare opportunity to create value in a wonderful and well-established neighborhood. Offered as-is and brimming with potential, this property is perfect for investors, contractors, or owner-occupants eager to bring their vision to life. Abundant natural light shines through each unit’s 2 bedrooms, 1 bath, living room, and kitchen. Ideally located near Ed Burns Arena, the Minuteman Bikeway, Arlington Heights, and the Arlington Reservoir, with easy access to the natural beauty of Wright-Locke Farm in Winchester and Lexington’s Community Farm. Enjoy the convenience of nearby shops, dining, recreation, and commuter routes while investing in a property with tremendous upside. A rare value-add opportunity in a sought-after neighborhood, bring your ideas and unlock this home’s full potential.
Basement:
Full, Unfinished
Parking:
2-car, Paved Drive, Off Street
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Private School, Public School
151-153 Forest St, Arlington, MA, 02474
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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