INVESTORS TAKE NOTICE! Rare opportunity to own a 5-unit multifamily property in Milford generating approximately $9,200 per month / $110,400 annually in gross rental income. Current rents are below market, offering potential for increased rental income and additional upside for the next owner. This income-producing property features an expansive off-street parking area located behind the building with space for approximately 15+ vehicles, along with lead compliance/certification documentation. Situated on a generous lot with potential for additional development or an ADU. Conveniently located near downtown Milford, shopping, restaurants, and major routes. An excellent opportunity for investors seeking an established multifamily property with strong current income, below-market rents, separate utilities and future growth potential. (buyer to due diligence).
Property Features
Cooling Information
Window Unit(s)
Ceiling Fan(s)
Parking
Paved
Off Street
Heating Information
Natural Gas
Water Features
Public
House Interior
Ceiling Fan(s)
Basement
Partial
School Information
School Information for 21 Franklin St, Milford, MA 01757
Elementary School
Memorial
Middle School
Stacy
High School
Milford High School
Listing Courtesy: Afonso Real Estate - 508-478-7286