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56 N Margin St

Boston, MA 02113
  • $3,399,999
  • STATUS: Active
  • MLS #: 73060461
UPDATED: 63 min ago
$3,399,999
  • 9
    BEDS
  • 0.03
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,780
    SQFT
  • $899
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Listing courtesy of Frank Ventresca of Strategy Street.

Description

Immaculate North End Boston, Five Unit Multi Family, with potential to convert to Sixth Unit. Golden Opportunity to own a family owned, multi-family brick building in one of Boston's most iconic locations, the North End. Current rents below market value. Potential for Value Add unit or 1031 Exchange. Convert third floor larger unit back to 2 units, totaling 6 units. (1)One Bedroom, One bath with Courtyard Outdoor Space; (2) Three Bedrooms, One Bath; (2) 1 Bedroom plus Bonus Room, One Bath. Current Rent Roll is $125,540/year does not include owner unit. Unit 1 is currently owner occupied. Projected rent rate $2600/month. Unit 4R is currently below market, Projected rent - $2100/month. A solid investment for rental income or potential opportunity for a condo conversion. Fully Leased through August 2023.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-08T17:05:17.217.
www.seybothteamhomes.com/homes/134978972
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56 N Margin St Boston, MA 02113

  • Price: $3,399,999
  • Status: Active
  • On Site: Days
  • Updated: 63 min ago
  • MLS #: 73060461
9
Beds
5
Baths
0
½ Baths
0.03
Acres
3,780
SQFT
$899
$/SQFT
1910
Built
Neighborhood:
North End
County:
Suffolk
Area:
North End
Property Description
Immaculate North End Boston, Five Unit Multi Family, with potential to convert to Sixth Unit. Golden Opportunity to own a family owned, multi-family brick building in one of Boston's most iconic locations, the North End. Current rents below market value. Potential for Value Add unit or 1031 Exchange. Convert third floor larger unit back to 2 units, totaling 6 units. (1)One Bedroom, One bath with Courtyard Outdoor Space; (2) Three Bedrooms, One Bath; (2) 1 Bedroom plus Bonus Room, One Bath. Current Rent Roll is $125,540/year does not include owner unit. Unit 1 is currently owner occupied. Projected rent rate $2600/month. Unit 4R is currently below market, Projected rent - $2100/month. A solid investment for rental income or potential opportunity for a condo conversion. Fully Leased through August 2023.
Exterior Features

Covered Spaces 0 Garage YN No Lot Features LevelOther Parking Total 0 Waterfront YN No

Interior Features

Building Area Total 3780 Fireplace YN No Fireplaces Total 0 Foundation Details Other Lead Paint Unknown Rooms Total 21

Property Features

Buyer Agency Compensation 1.5 Gross Income 125400 Net Operating Income 40800 Property Sub Type 5+ Family - 5+ Units Side By Side Sewer Public Sewer Tax Annual Amount 14961 Tax Year 2022 Total Actual Rent 10450 Transaction Broker Compensation 0 Water Source Public Year Built Details Actual Zoning R4

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Frank Ventresca of Strategy Street: 617-410-8780.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-12-08T17:05:17.217.
 
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Listing courtesy of Frank Ventresca of Strategy Street.