Claim your spot on highly coveted Mass. Ave. with this mixed-use property set in a prime location for both residents and business owners alike. Take advantage of this investment opportunity and bring your vision to life, with three residential units and four commercial spaces creating an abundance of possibilities for its new owner. The main level features a two-bedroom apartment, a small office space and a retail space with its own entrance, formerly used as a salon. Upstairs, there is a three-bedroom, two-floor apartment, and the third apartment is a one-bedroom basement unit. At the rear of the property is a massive, detached garage, appealing to those in a range of industries, such as automotive, fitness and the arts, both in the main bay but also in the upstairs office and storage space. Other perks of this unbeatable location include high visibility, multiple nearby bus stops and easy access to the Minuteman Commuter Bikeway. Properties like this do not come around very often!
1205 Massachusetts Ave, Arlington, MA, 02476
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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