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Closed

63 Kensington Ave, Springfield MA 01108

$349,900

Estimated $911.94/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $87,475

Total Rent: 41460/year

Estimated CAP Rate: 10.67%

6 Bedrooms

4 Full Baths

5,688 SqFt

Total Parking: 8 (2 Garage)

6,412 SqFt

Buyer got cold feet! Property passed inspections and already apprasied. Wow check out this opportunity to own this huge 4 Family in Springfield! Property is located in a very desirable area featuring Gas heat and public water and sewer! Property has newer gas boilers and has been well maintained throughout the years. Rents are currently under market. Property is currently fully rented with long-term tenants on a month to month basis. Please submit your highest and best offer by 8am on 3/30

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 4:01am (Source: MLS PIN #73078185)

Gross Income: $41,460

Gross Expenses: $4,135

Net Income Calc: $37,325

CAP Rate: 10.67%

Annual Expenses for 63 Kensington Ave, Springfield MA 01108

Total Gross Expenses (Calculated)$4,135/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,135

Annual Income & Unit Breakdown for 63 Kensington Ave, Springfield MA 01108

Total Gross Income (Calculated)$41,460

Unit 1

Rental Income$850

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$805

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$900

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit0

HeatingNo

Rent Includes

Unit 4

Rental Income$900

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit0

HeatingNo

Rent Includes

General Information for 63 Kensington Ave, Springfield MA 01108

Listing ID73078185

Property TypeMulti Family / 4 Family

Price$349,900 ($61.52/SqFt)

Style4 Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total5,688 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1922

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Block

Lot Features

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 63 Kensington Ave, Springfield MA 01108

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$41,460

Total Net Income By Broker$41,460

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensationtbd

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 63 Kensington Ave, Springfield MA 01108

Real Estate Taxes$4,135

Tax Year2022

Assessed Value$219,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$41,460

BostonRealEstate.com Gross Income

Total Net Income By Broker$41,460

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)10.67%

Location Information for 63 Kensington Ave, Springfield MA 01108

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPark, Medical Facility, Public Transportation

Contact Information for 63 Kensington Ave, Springfield MA 01108

Agent

Name: James Charles

Office

Name: Lock and Key Realty Inc.

Phone: 413-282-8080

Payment Calculator

, Interest

Property Taxes 344.58

Principal & Interest 2155.97

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lock and Key Realty Inc.

James Charles

Agent Phone

Office Phone

(413) 282-8080

Text Agent Call Agent Call Office

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EXIT

Closed

63 Kensington Ave, Springfield MA 01108

$349,900

Annual Expenses for 63 Kensington Ave, Springfield MA 01108

Annual Income & Unit Breakdown for 63 Kensington Ave, Springfield MA 01108

General Information for 63 Kensington Ave, Springfield MA 01108

Disclosures for 63 Kensington Ave, Springfield MA 01108

Financial Information for 63 Kensington Ave, Springfield MA 01108

Location Information for 63 Kensington Ave, Springfield MA 01108

Contact Information for 63 Kensington Ave, Springfield MA 01108

Agent

Office

Payment Calculator

Exclusive Listing Agent

Lock and Key Realty Inc.

James Charles