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1122 Ocean St 3,368 SF Specialty Building Offered at $2,149,000 CAD at a 8.51% Cap Rate in Marshfield, MA 02050
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
Executive Summary
The licensed rooming house located at 1122 Ocean Street, Marshfield, MA, consists of 15 rooms and 3 full bathrooms, totaling 3,510 gross square feet (as per the attached plans) in a two-story garden-style building built in 1968, according to public records. Approximately $200,000 has been invested in recent improvements, including the renovation of 12 rooms, 3 bathrooms, and common areas, as stated by the owner. The property is situated on a 10,000 square foot lot, which includes 8 parking spaces at the front and approximately 20 spaces in the rear, according to the owner. There is an on-site resident manager who is willing to stay for a reasonable fee. Unit 14 features an all-in-one kitchen, and Section 8 will pay a higher rent for this unit.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$263,481
|
$78.23
|
| Other Income |
$3,285
|
$0.98
|
| Vacancy Loss |
$12,680
|
$3.76
|
| Effective Gross Income |
$254,086
|
$75.44
|
| Taxes |
$8,040
|
$2.39
|
| Operating Expenses |
$62,763
|
$18.64
|
| Total Expenses |
$70,803
|
$21.02
|
| Net Operating Income |
$183,282
|
$54.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $263,481 |
| Annual Per SF | $78.23 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,285 |
| Annual Per SF | $0.98 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,680 |
| Annual Per SF | $3.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $254,086 |
| Annual Per SF | $75.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,040 |
| Annual Per SF | $2.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $62,763 |
| Annual Per SF | $18.64 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,803 |
| Annual Per SF | $21.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $183,282 |
| Annual Per SF | $54.42 |
Property Facts
Amenities
- Property Manager on Site
- Smoke Detector
1 1
Property Taxes
| Parcel Number | MARS-000009K-000002-000004 | Total Assessment | $780,347 CAD |
| Land Assessment | $404,477 CAD | Annual Taxes | $8,040 CAD ($2.39 CAD/SF) |
| Improvements Assessment | $375,870 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
MARS-000009K-000002-000004
Land Assessment
$404,477 CAD
Improvements Assessment
$375,870 CAD
Total Assessment
$780,347 CAD
Annual Taxes
$8,040 CAD ($2.39 CAD/SF)
Tax Year
2025
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1122 Ocean St
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