374-384 Union St - Apartments FOR SALE


Franklin, MA 02038- 495-South
$1,500,000 USD
781-776-4000
374-384 Union St, Franklin, MA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | 6.58% Cap Rate

374-384 Union St
Franklin, MA 02038
495-South


HIGHLIGHTS

  • Desirable Transit-Oriented Location
  • Upside Potential
  • Separately Metered Utilities
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 374-378 Union Street in Franklin, Massachusetts (the “Property”). The three-story building contains six (6) units comprised of four (4), 2-Bedroom/1-Bathroom units and two (2), Commercial units with 6,276 square feet of living area in 6,708 total gross square feet. 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. The Property is well-located on Union Street in a mixed-use neighborhood, that is home to commercial and residential properties. There is a limited supply of multi-family units in Norfolk County with a high demand for rental units. The Property is situated just south of Franklin’s downtown area and primary commercial corridor along E Central Street (MA Route 140) and is 0.7 miles from the Franklin Train Station. The Property offers tenants convenient access to the area’s major roadways, area schools, area shopping (Stop & Shop, Shaw’s, Big Y, Walgreens, CVS), several options for restaurants and bars, and convenient access to Downtown Franklin.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

-

CAP RATE

6.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

374-378 Union Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Com I, Franklin

APN/PARCEL ID

FRAN-000296-000000-000024

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.