0 Carol Drive Franklin — Photo 1 of 5
$595,000
Investment Analysis — 0 Carol Drive
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 2.23% cap rate and $13,258/yr in estimated NOI at the $595,000 list price. Adjust every assumption in the calculator below.
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Residential land for sale — Patricia Avenue, Franklin, MA 02038 Great opportunity for developers in a highly sought area of Franklin. Located near the center of Franklin, these developable lots off Carol Drive (labeled Patricia Ave), consisting of two residential buildable lots and access “road” lot. Quiet neighborhood setting with access to Routes 140 and 495, downtown Franklin, shopping, restaurants, and the MBTA commuter rail.• Parcel 1 – 278-082 (.44 acres residential buildable lot)• Parcel 2 – 278-083 (.47 acres residential buildable lot)• Parcel 3 – 278-084 (.30 acres “other” - roadway)Buyer should confirm lot area, frontage, setbacks, wetlands, floodplain, and any easements before relying on these parcels as buildable. For Sale By Owner and sold AS-IS. Seller makes no warranties as to buildability, soil conditions, wetlands, perc, utilities, or permits.
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 MLS and other third-party data may be inaccurate or out of date.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: Derek Greene
Listing Office: The Greene Realty Group
MLS® Number: 73577441