BEDS10
BATHS6 full
SQUARE FEET4,522
MLS#73567324
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
Property Description
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
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial
Cooling: Window Unit(s)
Heating: Natural Gas
Lot Size: 0.51 Acres
Roof Type: Shingle
Stories: 5.0
Taxes: $11,789
Year Built: 1902
Amenities
Ceiling Fan(s)
Living Room
Kitchen
Feature Descriptions
Appliances: Range, Refrigerator
Building Area Total: 4522
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 20
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Circuit Breakers
Exterior: Frame
Flooring: Wood
HeatingY/N: 1
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 0269,1617691
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 12
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Road Responsibility: Public Maintained Road
Rooms Total: 21
Sewer: Public Sewer
Units: 5
Utilities: for Gas Range
Water: Public
Local Schools
High School: Milford High School
Middle School: Stacy
Elementary School: Memorial
Listed By / Shown By
Listed By
Agency Name: Afonso Real Estate
Agent Name: Ana Loja
Agency Phone: 508-478-7286
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,751.35 per month $2,448.10 Principal & Interest $982.42 Property Tax $320.83 Homeowner's Insurance
21 Franklin St. | MLS# 73567324
This multi-family property located at 21 Franklin St., Milford, MA 01757 is currently listed for sale with an asking price of $1,099,990. Search Milford real estate on www.masiellogrouprealestate.com today.