Property Description

Jason Arms is a 12-unit multi-family investment property located at 15 Jason Street in Arlington, MA. The three-story building contains twelve (12) 1-Bedroom/1-Bathroom units with 10,450 square feet of gross living area in 14,696 square feet of gross area. It is situated upon a 0.16-acre parcel and features three off-street parking spaces. Jason Arms has been meticulously maintained and family owned for over two decades. The property features recent capital improvements including a new, gas fired boiler (2020), a new, hot water system (2022) and new electrical panels featuring circuit breakers in all units. Jason Arms, while positioned at an attractive cap rate upon acquisition, offers incredible upside for the incoming owner. Six (6) of the Twelve (12) units feature large, 1 Bedroom ++ style units. The opportunity exists to create either 2 Bedroom or 3 Bedroom units in half of the building. Amenities for tenants include off-street parking, on-site laundry and basement storage.