56 N Margin St, Boston, Massachusetts 02113

$3,399,999
9
BD
5
BA
3,780
SqFt
List Price
$3,399,999
MLS#
73060461
Status
ACTIVE
Type
Multifamily
City
Boston
Area
North End
County
Suffolk
Bedrooms
9
Bathrooms
5
Living Area
3,780
Year Built
1910

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.

Additional Information

Exterior
Brick
Basement
Yes
Sewer
City/Town Sewer

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Calculator source: Real Geeks

Listing courtesy of Strategy Street.