Lynne McGrath
REALTOR®
BEDS8
BATHS4 full
SQUARE FEET6,276
MLS#73435816
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 4.0
Taxes: $11,395
Year Built: 1900
Feature Descriptions
Building Area Total: 6276
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 205
Dwelling Type: 5-9 Family
Electric: Individually Metered
Lot Features: Other
Parcel Number: 89242
Parking Features: Off Street
Parking Total: 10
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 18
Sewer: Public Sewer
Units: 6
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agency Phone: 781-776-4000
Agent Name: Kelleher - Pentore Team
Shown By
Agent Name: Lynne McGrath
Agent Phone: (800) 741-1540
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 4,725.43 per month $3,338.35 Principal & Interest $949.58 Property Tax $437.50 Homeowner's Insurance
374-378 Union St | MLS# 73435816
This multi-family property located at 374-378 Union St, Franklin, MA 02038 is currently listed for sale with an asking price of $1,500,000. Search Franklin real estate on lynnemcgrath.masiellogrouprealestate.com today.