Listed by United Multi Family Corporation
$1,570,000
15 Rooms in Marshfield MA
Details
Property Type Multifamily
Sub Type Apartment Building, Licensed lodging house
Square Footage 10,018
Net Rentable (SqFt) 3,510
Units 15
Cap Rate 9.43%
NOI $148,108
Occupancy 100%
Pro-Forma Cap Rate 9.8%
Pro-Forma NOI $153,833
Price per SqFt $157
Class C
Year Built 1968
Year Renovated 2025,2026
Buildings 1
Stories 2
Lot Size (SqFt) 10,001
Zoning B-2
Investment Type Value Add
Turnkey investment potential: Operational with existing occupancy, allowing for immediate income
Marketing description
Licensed rooming house located at 1122 Ocean St, Marshfield, MA, is comprised of 15 rooms and 3 full bathrooms totaling 3510 gross square feet in a 2-story garden-style building built in 1968. Owner completed $200K in improvements in 2025 that included the renovation of 12 rooms, 3 baths, and common areas, sprinkler system, and electric panel. The owner is currently replacing all the windows, insulating walls & ceilings, and installing mini-split heat and AC on the 2nd floor. Roof shingles to be replaced, and 3 sides of exterior vinyl siding. The rent for unit 9 is based on its conversion to a studio.
Investment highlights
- Only Licensed Rooming House in Marshfield
- On-site manager at reasonable rate
- $200K in Recent Renovations including 12 rooms and 3 baths plus common areas
Listing Contacts
Listed by United Multi Family Corporation
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,108.00
$12,342.33/mo
Valuation Metrics
0
DSCR
9.43%
Cap Rate
9.43%
ROI
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