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$2,549,000

For Sale - Active
84 Marine Rd, Boston, MA 02127
9 Beds
6 Baths
3,627 Square Feet
0.05 Acres Lot
Built in 1905
For Sale - Active
3 Units
Checked: 8 hours ago
Updated: May 19, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$10,569
Cap Rate
0.7%
Cash-on-Cash Return
-21.6%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-16.9%

Property Description


0.05 Acres Lot
Built in 1905
For Sale - Active
3 Units

Introducing a fantastic investment opportunity in this exceptional multi-family located one block from the South Boston Beaches. On a corner lot with potential for off-street parking, the property offers three bedrooms and two bathrooms in each unit and spans approximately 3627 square feet. Each unit has a thoughtfully designed interior with the main living level featuring a spacious living area, perfect for entertaining, and a modern kitchen equipped with top-of-the-line appliances. The private outdoor space for each unit provides a tranquil retreat. Other amenities include laundry, hardwood floors, rear decks, and central HVAC. This property is situated in a desirable location and offers easy access to nearby attractions. Don't miss this rare opportunity to own this remarkable 3-family in a coveted South Boston neighborhood. The current leases expire on 8/31 and are below market, as we estimate $15,500 monthly with minor cosmetic work.

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 9

Bathroom Information

  • # of Baths (Full): 6
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 18
  • # of Stories: 6
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Stone
  • Roof Type: Flat
  • Roof Material: Rubber

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Triplex

Lot Information

  • Parcel ID: SBOSW:07P:02388S:000
  • Lot Size: 2324 sqft

Property Information

  • Property Type: Triplex
  • Year Built: 1905

Tax Information

  • Annual Tax: $23,469

Utilities

  • Water & Sewer: Public

Location

  • County: Suffolk

Investment Summary


Monthly Cash Flow
-$10,569
Cap Rate
0.7%
Cash-on-Cash Return
-21.6%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-16.9%

Purchase Details

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Purchase price:
$2,549,000
Amount financed:
-$2,039,200
Down payment:
$509,800
Closing costs:
$76,470
Rehab costs:
$0
Initial cash invested:
$586,270
Square feet:
3,627
Cost per square foot:
$703
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$2,039,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$12,063
Property tax:
$1,956
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$14,369

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (39%)
39%-$1,956-$23,469
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (64%)
64%-$3,206-$38,469

Cash Flow


Monthly Yearly
Net operating income:
$1,494 $17,928
Mortgage payments:
-$12,063 -$144,756
Cash flow:
$10,569 $126,828