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Expired

56 N Margin St, Boston MA 02113

$3,399,999

Estimated $6,760/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $679,999.80

Total Rent: 40800/year

Estimated CAP Rate:

9 Bedrooms

Baths

3780

Total Parking: 0

1,330 (0.03)

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 $160,000/year. 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.

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 7:26am (Source: MLS PIN #73060461)

Gross Income: $40,800

Gross Expenses: $14,961

Net Income Calc: $25,839

Annual Expenses for 56 N Margin St, Boston MA 02113

Total Gross Expenses (Calculated)$14,961/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14961

Annual Income & Unit Breakdown for 56 N Margin St, Boston MA 02113

Total Gross Income (Calculated)$40,800

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit0

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 56 N Margin St, Boston MA 02113

Listing ID73060461

Property TypeMulti Family

Price3399999 ($899.47/SqFt)

Style5+ Family - 5+ Units Side By Side

CityBoston

CountySuffolk

MLS AreaNorth End

Neighborhood(s)

Approximate Living Area Total3780

Approximate Lot Size (Acres)0.03

Total Parking0

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR4

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 56 N Margin St, Boston MA 02113

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Basement Shelves & Tv. Kitch Mirror & Musical Clock.1st Fl Lr Tv. Dartboard. Shelves In Dr.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5

Facilitator Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 56 N Margin St, Boston MA 02113

Real Estate Taxes14961

Tax Year2022

Assessed Value$1,375,100

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 56 N Margin St, Boston MA 02113

Neighborhood(s)

MLS AreaNorth End

Area Amenities

Contact Information for 56 N Margin St, Boston MA 02113

Agent

Name: Frank Ventresca

Office

Name: Strategy Street

Phone: 617-410-8780

Payment Calculator

, Interest

Property Taxes 1246.75

Principal & Interest 20949.71

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Strategy Street

Frank Ventresca

Agent Phone

Office Phone

(617) 410-8780

Text Agent Call Agent Call Office

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    [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 $160,000/year.  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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    [unparsed] => 56 N Margin St, Boston MA 02113
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EXIT

38 More Photos

Expired

56 N Margin St, Boston MA 02113

$3,399,999

Annual Expenses for 56 N Margin St, Boston MA 02113

Annual Income & Unit Breakdown for 56 N Margin St, Boston MA 02113

General Information for 56 N Margin St, Boston MA 02113

Disclosures for 56 N Margin St, Boston MA 02113

Financial Information for 56 N Margin St, Boston MA 02113

Location Information for 56 N Margin St, Boston MA 02113

Contact Information for 56 N Margin St, Boston MA 02113

Agent

Office

Payment Calculator

Exclusive Listing Agent

Strategy Street

Frank Ventresca