60 N Margin St - Apartments FOR SALE


Boston, MA 02113- North End Boston
$4,100,000 USD
617-909-9191
60 N Margin St, Boston, MA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/9
null | 6.42% Cap Rate

60 N Margin St
Boston, MA 02113
North End Boston


HIGHLIGHTS

  • Prime Location
  • Strong in place cash flow
  • Turn key property

OVERVIEW

**** RARE NORTH END 8 UNIT INVESTMENT OPPORTUNITY **** The property consists of seven (7) two-bedroom apartments and one (1) studio unit, offering an efficient unit mix that caters to the neighborhood’s deep and consistent renter demand. The residences feature modern finishes and highly desirable amenities, including exposed brick, hardwood flooring, abundant natural light, and updated kitchens with granite countertops and newer appliances. Professionally managed and meticulously maintained, the asset offers investors a low friction ownership opportunity with no deferred maintenance requirements. This offering represents a rare opportunity to acquire a stabilized, turnkey multifamily property in a premier urban location. Supported by strong occupancy fundamentals, durable rental demand, and the potential for continued income growth, the property offers investors both dependable in-place cash flow and long-term value appreciation. Positioned within walking distance of Downtown Boston, the Financial District, Government Center, Faneuil Hall, North Station, and multiple MBTA transit lines, the property benefits from exceptional connectivity and access to some of the region’s largest employment centers. Unit 2 is available for lease. All other units are leased through 2027. Current Gross income is $298500. Building is professionally managed by the current owner. All apartments have electric baseboard heat. Stoves and hot water tanks are gas. All tenants pay their own Electric & Gas bills. Tenants also pay for their own cable/wifi. 8 gas meters / 8 gas hot water tanks/ 9 electric meters and an additional electric meter for Comcast system in the basement.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$953 USD /SF

# OF UNITS

8

PRICE/UNIT

$512,500

CAP RATE

6.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,350 SF

ZONING

MFR, Boston

APN/PARCEL ID

CBOS-000000-000003-001377,CBOS-000000-000003-001378

ASK ABOUT THIS PROPERTY

Giancarlo TiberiCore Property GroupMore Info
617-909-9191

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

Giancarlo TiberiCore Property GroupMore Info
617-909-9191

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