1122 Ocean St 3,368 SF Specialty Building Offered at $2,174,434 CAD at a 8.51% Cap Rate in Marshfield, MA 02050

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. Owner has signed contract for improvements to be made which include new windows, siding, insulation, roof, mini-split heat with air conditioning on second floor. This work will be included in the sale.