249 Union St Franklin MA 02038 MLS #73307192

249 Union St
Franklin, MA, 02038
$549,900
5 Beds
2 Baths
1,507 SqFt
0.14 Acres
$549,900
249 Union St
Franklin, MA, 02038
***Owner Occupied and Prime Investment Opportunity in Franklin*** This two-unit property offers significant income potential and is ideally located for commuters. The first unit is a 1-bedroom, 1-bathroom rental currently generating $850/month. Section 8 approved, this unit has the potential to be adjusted to the current market rate of $1,600/month. It also includes a private washer/dryer in the basement, adding convenience for tenants. The second unit is a spacious 4-bedroom, 1-bathroom layout, complete with a first-floor laundry room. Walk down basement access for mechanicals, ensuring easy maintenance access. Please note – the 1st unit could be converted back to the original 2 bedroom making the 2nd unit a 3 bedroom if wanted/needed. Situated near Dean College, the commuter rail, playgrounds, dog parks, and major routes, this property is ideal for renters seeking a well-connected location with nearby amenities. Don’t miss out on this lucrative investment in a highly desirable area.

Property Details

Price:
$549,900
MLS #:
73307192
Status:
Active
Beds:
5
Baths:
2
Address:
249 Union St
Type:
Multi Family
Subtype:
2 Family – 2 Units Side by Side
City:
Franklin
Listed Date:
Oct 29, 2024
State:
MA
Finished Sq Ft:
1,507
Total Sq Ft:
1,507
ZIP:
02038
Lot Size:
5,898 sqft / 0.14 acres (approx)
Year Built:
1900
Units:
2

Schools

Elementary School:
Keller
Middle School:
Sullivan
High School:
Fhs/Tricounty

Interior

Appliances
Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
None
Heating
Baseboard, Natural Gas
Laundry Features
Washer Hookup, Dryer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Highway Access, House of Worship, Public School, T- Station, University
Construction Materials
Frame
Parking Features
Off Street, Unpaved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$10,200
Tax Year
2024
Taxes
$5,010
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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249 Union St
Franklin, MA