196 Grove St Franklin — Photo 1 of 7
$1,100,000
Investment Analysis — 196 Grove St
Franklin, MA 02038
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02038 carries an estimated $2,040/mo in gross rent — about a 1.23% cap rate and $13,489/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.
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Style
Other
Built
1920
Zoned Industrial, Located at the entrance of a UPS warehouse facility, this property lends itself to becoming a warehouse, contractors yard, storage facility, etc. 247' frontage X 497' deep. Building needs significant work. Additional lot of .92 acres is adjacent and also available for sale. See MLS Listing 73510742 for more information. Both are zoned industrial. Buyers and Buyers Agents responsible for their own due diligence for acceptable uses. This property has town water, town sewer and natural gas at the street.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Eileen A. Mason
Listing Office: REMAX Executive Realty
MLS® Number: 73510670