MA > Franklin
Franklin, MA 02038,374-378 Union St
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Franklin, MA 02038,374-378 Union St
Franklin, MA 02038,374-378 Union St
Franklin, MA 02038,374-378 Union St
Franklin, MA 02038,374-378 Union St
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Thomas Goss

Thomas Goss

+1(401) 640-6894
$ 1,500,000
Est. payment /mo
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374-378 Union St Franklin, MA 02038

8 Beds

4 Baths

6,276 SqFt

UPDATED:

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

 

374-378 Union St

Thomas Goss
Thomas Goss

Agent | License ID: 35912

+1(401) 640-6894 | thomas@thegossteam.com

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