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202 Massachusetts Ave, Arlington, MA, 02474 | $12,000,000
Rare Portfolio Offering: 202-218 Massachusetts Avenue is part of a three-building portfolio for sale, which also includes 36 College Avenue and 49–55 Davis Square in Somerville. The property is prominently located on the corner of Lake Street and Mass Ave. in Arlington, MA. This three-story mixed-use property comprises 24 units, including 6 commercial suites and 18 residential apartments, totaling approximately 50, 032± SF of gross building area and 39, 900± SF of rentable area. The property is anchored by the historic Capitol Theatre and represents a fully occupied income property with strong historical occupancy, existing cash flow, and future upside potential. PLEASE SEE FIRM REMARKS FOR ADDITIONAL INFORMATION
Features
- Rooms: 44
- Bedrooms: 26
- Baths: 20 full
- Units: 24
- Year Built: 1915
- Approx Sq. Feet: 39,900
- Acreage: 0.55
- Est. Taxes: $68,191
- Lot Desc: Corner Lot, Level
- MLS#: 73546199
- Website: https://www.raveis.com
/prop/73546199/202massachusettsave_arlington_ma?source=qrflyer
Listing by Carl Christie courtesy of Carl Christie
Room Information
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| Laundry |
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1500191
617.281.4872
Kate.Rockett@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
202 Massachusetts Ave, Arlington, MA, 02474
$12,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Kate Rockett
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $9,600,000 | $9,600,000 | $9,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.223% | 6.058% |
| Monthly Tax Payment | $5,683 | $5,683 | $5,683 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $53,757 | $58,331 | $80,363 |
| Total Monthly Payment | $59,565 | $64,139 | $86,171 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630