MA
Norfolk
Franklin
02038
374-378 Union St
374-378 Union St, Franklin, MA 02038
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Listing Type
Multi Family
Listing Status
Pending
14
$1,500,000

Home Details for 374-378 Union St

Price
$1,500,000
Type
Residential Income
Bedrooms
8
Bathrooms
4.0
Square feet
6276
Year built
1900
Lot size acres
0.23
County
Norfolk
Total rooms
18
Garage
Days on site
13
MLS Listing#
73435816
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
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Horvath & Tremblay - 781-776-4000
Presented by: Kelleher - Pentore Team
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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