1122 Ocean St - Residential Income FOR SALE


Marshfield, MA 02050
$1,570,000 USD
617-529-1141
1122 Ocean St, Marshfield, MA for Sale
$1,570,000 USD
Residential Income - FOR SALE
1/1
null | 8.51% Cap Rate

1122 Ocean St
Marshfield, MA 02050


HIGHLIGHTS

  • Only Licensed Rooming House in Marshfield
  • $200K in Recent Renovations including 12 rooms and 3 baths plus common areas
  • On-site manager at reasonable rate

OVERVIEW

The licensed rooming house located at 1122 Ocean Street, Marshfield, MA, consists of 15 rooms and 3 full bathrooms, totaling 3,510 gross square feet (as per the attached plans) in a two-story garden-style building built in 1968, according to public records. Approximately $200,000 has been invested in recent improvements, including the renovation of 12 rooms, 3 bathrooms, and common areas, as stated by the owner. The property is situated on a 10,000 square foot lot, which includes 8 parking spaces at the front and approximately 20 spaces in the rear, according to the owner. There is an on-site resident manager who is willing to stay for a reasonable fee. Unit 14 features an all-in-one kitchen, and Section 8 will pay a higher rent for this unit.

FOR SALE DETAILS

PRICE

$1,570,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

8.51%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,000 SF

ZONING

B@

APN/PARCEL ID

MARS-000009K-000002-000004

ASK ABOUT THIS PROPERTY

Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

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Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.