This multi-family home is a rare find in Lexington, offering a great investment and rental income opportunity. The property is comprised of two separate units each with its own electric meter, offering an unbeatable location abutting the Minuteman Bike Path, within walking distance of the town center, and with easy highway access.
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This multi-family home is a rare find in Lexington, offering a great investment and rental income opportunity. The property is comprised of two separate units each with its own electric meter, offering an unbeatable location abutting the Minuteman Bike Path, within walking distance of the town center, and with easy highway access. The property is located within a Business Neighborhood zone and has an open basement that may be used in accordance with the Zoning By-Law.
The home offers a total of 2,360 square feet including the finished area of the lower level, with 4 bedrooms and 4 full bathrooms. (2 bedrooms in Unit 1 and 2 bedrooms in Unit 2. Unit 2 offers 2 Full Bathrooms. There is an additional full bathroom in the basement). Both units are currently rented as residential units through April and August of 2024. A long and wide driveway along the side of the home provides 8 off-street parking spaces in addition to the oversized two-car garage with 20’ ceilings tucked away at the rear of the property.
The main level unit offers its own private entry via the front door. The spacious and light filled unit offers two bedrooms, an open concept kitchen and dining area, and a versatile living room, perfect for hanging out or accommodating an office area. A glass slider opens to the private and spacious balcony. Two bedrooms have wall to wall carpeting and ample closet space.
The second level unit is accessible via the home’s common side entry and rear stairway. Unit 2 offers an inviting apartment with two generously sized bedrooms featuring large double closets, one of the bedrooms has an en suite full bathroom with a tiled tub and shower. This unit also has the convenience of an additional full bathroom located just off the kitchen. Tenants will love the versatility of using the second bedroom as a living room if desired and the bonus of a private balcony.
The finished side of the basement has a kitchen and full bathroom.
The unfinished side of the basement offers abundant storage space for each unit with two sets of washers and dryers shared by both units.
Commuters will love a few short steps to the bus stops, easy highway access, and the bike path running alongside the home. A short stroll along the bike path takes you to the newly upgraded Parker Meadow conservation area or take a longer walk to enjoy everything the town center has to offer with dining, shopping, a movie theater, and much more. An amazing opportunity awaits!