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1122 Ocean St 3,368 SF Specialty Building Offered at $700,000 at a 9.50% Cap Rate in Marshfield, MA 02050
INVESTMENT HIGHLIGHTS
- Only Privately Owned Boarding House in area with almost 0% vacancy
- Close to the Ocean
- Located on Main Thoroughfare, 10,000 sf lot with 100" street frontage.
EXECUTIVE SUMMARY
Only privately owned licensed Boarding House in Marshfield, MA 02050, This 14 room, two story building has 3368 sf plus attic storage. It has 3 shared bathrooms with showers. This property is zone for business (B2) and with a 10,000 sf lot with 100' street frontage is located on the Main Thoroughfare leading to the ocean. There is sufficient parking. It has a nearly 0% vacancy rate (waiting list). Sprinkler system was installed in 2013. Brick faced property on wood frame was built in 1968 and original owner/builder is ready to retire. APN is MARS M:0K09 B:0002 L:0004
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $700,000 | Building Class | C |
| Price Per SF | $207.84 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,368 SF |
| Cap Rate | 9.50% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1968 |
| Property Subtype | Residential Income | Parking Ratio | 1.1/1,000 SF |
| Zoning | B@ - B2 Business Zoning. 10,000 sf lot with 100' street frontage | ||
| Price | $700,000 |
| Price Per SF | $207.84 |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,368 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | B@ - B2 Business Zoning. 10,000 sf lot with 100' street frontage |
AMENITIES
- Property Manager on Site
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | MARS-000009K-000002-000004 | Total Assessment | $570,100 (2025) |
| Land Assessment | $295,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $274,600 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
MARS-000009K-000002-000004
Land Assessment
$295,500 (2025)
Improvements Assessment
$274,600 (2025)
Total Assessment
$570,100 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Judith Brooks
1122 Ocean St
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