14
See all 14 photos
$1,500,000
Est. payment /mo
8 Beds
4 Baths
6,276 SqFt
New
374-378 Union St Franklin, MA 02038
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Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,276 sqft
Price per Sqft $239
MLS Listing ID 73435816
Bedrooms 8
Full Baths 4
Year Built 1900
Annual Tax Amount $11,395
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type 5-9 Family
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.
Location
State MA
County Norfolk
Zoning C-I
Direction Please Use GPS.
Exterior
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
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Lot Description Other
Story 4
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Horvath & Tremblay
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