Income generating property with existing lease and cashflow with a reliable and meticulous tenant! The zoning for this property allows for many uses, not just residential. Impeccably maintained and thoughtfully updated, this charming 4-bedroom, 2-bath Colonial is filled with character and floorplan versatility. The home's inviting floor plan features an updated kitchen with stainless steel appliances that flows seamlessly into the formal dining room — perfect for everyday living or entertaining. A spacious living room with double doors into the dining room and circular flow that offers flexibility and the potential for a first-floor bedroom with an adjacent full bath. Upstairs, you'll find four well-proportioned bedrooms with brand new carpeting, complemented by new vinyl plank flooring, restored trim and moldings, and fresh paint throughout. Additional highlights include a walk-up attic and unfinished basement providing plenty of storage space. Enjoy your morning coffee on the covered front porch or unwind in the three-season room, surrounded by a large backyard for privacy and private driveway for parking multiple vehicles. Modern comforts include central A/C, municipal water and sewer, natural gas for heating and hot water, a dishwasher, and an historic high-quality slate roof. Brand new fire suppression system that includes sprinklers and alarm, and recently permitted 4th bedroom. Located in the Arlington Town Center zoning district, this versatile property offers a wonderful opportunity for a variety of residential or commercial uses.