About 21 Franklin St.
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).
Features of 21 Franklin St.
| MLS® # | 73567324 |
|---|---|
| Price | $1,099,990 |
| Bedrooms | 10 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 4,522 |
| Acres | 0.51 |
| Year Built | 1902 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 21 Franklin St. |
|---|---|
| Area | South Milford |
| City | Milford |
| County | Worcester |
| State | MA |
| Zip Code | 01757 |
Amenities
| Utilities | for Gas Range |
|---|---|
| Parking Spaces | 12 |
| Parking | Paved Drive, Off Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Living Room, Kitchen |
|---|---|
| Appliances | Range, Refrigerator |
| Heating | Natural Gas |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 5 |
| Stories | 5 |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Shingle |
| Construction | Frame |
| Foundation | Stone, Irregular |
School Information
| Elementary | Memorial |
|---|---|
| Middle | Stacy |
| High | Milford High School |
Additional Information
| Zoning | RA |
|---|
Listing Details
| Agent | Ana Loja |
|---|---|
| Office | Afonso Real Estate |