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338 Summer Street consists of a three-story building, containing eleven (11) residential units comprised of two (2), 2-Bedroom/1 Bathroom units, seven (7), 1-Bedroom/1-Bathroom units, and two (2), Studio units with 6,248 square feet of living area in 10,722 total gross square feet. The Property is situated on a 1.00-acre parcel of land and features twenty (20) on-site parking spaces. The well-maintained property features upgrades to the common areas, including new carpet, paint, lighting and coin-operated washer and dryer machines. Additionally, seven (7) of the units have been renovated, including new kitchens, bathrooms, flooring, and paint. Current rents are below market rates and offer the opportunity to increase rents to market rates via lease renewals and programmatic updates to the unrenovated units. 338 Summer Street offers the opportunity to acquire a transit-oriented, well-maintained asset, that is poised for income growth.
General Information for 338 Summer St Franklin, MA 02038 |
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| Town | Franklin |
| County | Norfolk |
| Stories | 3 |
| SQFT | 6,248 |
| Status | Available |
| Listing Number | 73405071 (MLSPIN) |
Rooms Information for 338 Summer St Franklin, MA 02038 |
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Interior Information for 338 Summer St Franklin, MA 02038 |
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| Appliances | Washer Dryer |
Exterior Information for 338 Summer St Franklin, MA 02038 |
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| Lot Size | 1.00 acres |
| Lot Description | Corner Lot |
| Construction | Frame |
| Parking | Spaces: 20 Paved Drive Off Street |
| Lot | Corner Lot |
| Water | Private |
| Sewer | Public Sewer |
Neighborhood Information for 338 Summer St Franklin, MA 02038 |
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| Neighborhood Amenities | Public Transportation Shopping Park Walk/Jog Trails Golf Medical Facility Laundromat Bike Path Conservation Area Highway Access House of Worship Public School T-Station University |
Miscellaneous Information for 338 Summer St Franklin, MA 02038 |
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| Year Built | 1860 |
| Association Fee | 0 |
| Taxes | $14,535 /Yr |
| Comp | Buyer Agency Compensation:2 Buyer Agency Compensation Type:% Sub Agency Compensation: Sub Agency Compensation Type: Transaction Broker Compensation: Compensation Based On:Net Sale Price Sub-Agency Relationship Offered: |
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| Condo | Data |
|---|---|
| Units | 6,755 |
| Avg Price | $948,146 |
| Avg Days Listed | 96 |
| Total New Listings | 12 |
| House | Data |
|---|---|
| Units | 12,336 |
| Avg Price | $1,278,204 |
| Avg Days Listed | 81 |
| Total New Listings | 21 |
| Multi-Family | Data |
|---|---|
| Units | 2,021 |
| Avg Price | $1,295,905 |
| Avg Days Listed | 102 |
| Total New Listings | 3 |
For a more detailed market analyis one of our real estate agents can provide you with a full report.
| Address | Closing Date | List Price | Closing Price | % of List Price |
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| Listing: 1 of 1 | Updated 18 minutes ago |
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
(AN2723/CN226863)
