USAMAFranklin374 Union St
374 Union St, Home with 8 bedrooms, 4 bathrooms and 10 parking in Franklin MA | Image 1
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$1,500,000

374 Union St, Franklin, MA

Real Estate

For Sale

$--,---,---
8410
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6276 sqft
Garage No
Taxes $11,395
Days Active 2
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $239
MLS® Number 73435816

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

374-378 Union Street is a three-story mixed-use building that contains six (6) units comprised of four (4), 2-Bedroom/1-Bathroom units and two (2), Commercial units. The Property is situated on a 0.23-acre parcel of land and features ten (10) on-site parking spaces at the rear of the Property. There is a limited supply of multi-family units in Norfolk County with a high demand for rental units. The Property is separately metered for electricity, heat and hot water, which the tenants pay directly. The Landlord is responsible for common area electric and domestic water and sewer. The opportunity exists to increase income via programmatic updates to the unrenovated units, common areas, and exterior. Pizza Shop has a new five year lease with one (1), 5-year option. The Lease calls for 3% annual rent increases throughout. The Print Shop's rent is below market, offering upside. The opportunity exists to acquire a well-maintained property with significant upside in a desirable location.Show Description
MLS® Number73435816
Laundry Level
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageNo
Approx. Age1900
Basement
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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