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89-91 Ashley St, Springfield MA 01105

$224,900

Estimated $603.09/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $112,450

Total Rent: 27120/year

Estimated CAP Rate: 9.60%

4 Bedrooms

2 Full Baths

1,966 SqFt

Total Parking: 8 (2 Garage)

10,955 SqFt

Great income property or owner occupied investment with a mortgage helper! Currently both units are occupied by month to month tenants that have expressed desire to stay long term, seller will not remove tenants. Property is in good condition. This two family is right around the corner from Springfield college. The upstairs unit can be expanded to the attic area. 2 car detached garage behind the house that could be rented for additional income.

This home has been viewed 24 times

Last Checked: May 7th, 2024 at 8:06am (Source: MLS PIN #73104584)

Gross Income: $27,120

Gross Expenses: $5,523

Net Income Calc: $21,597

CAP Rate: 9.60%

Annual Expenses for 89-91 Ashley St, Springfield MA 01105

Total Gross Expenses (Calculated)$5,523/year

APOD AvailableNo

Heating

Electricity

Water$812

Gas$812

Insurance$1,800

Sewer$812

Trash Removal$50

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$2,861

Annual Income & Unit Breakdown for 89-91 Ashley St, Springfield MA 01105

Total Gross Income (Calculated)$27,120

Unit 1

Rental Income$960

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 2

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

General Information for 89-91 Ashley St, Springfield MA 01105

Listing ID73104584

Property TypeMulti Family

Price$224,900 ($114.39/SqFt)

StyleMulti Family

CitySpringfield

CountyHampden

MLS Area

Neighborhood(s)

Approximate Living Area Total1,966 SqFt

Approximate Lot Size (Acres)0.25 acres

Total Parking8 (2 Garage)

Garage Parking2 / Detached

Year Built1911

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionBlock,Brick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 89-91 Ashley St, Springfield MA 01105

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$2,662

Total Gross Income By Broker$27,120

Total Net Income By Broker$24,458

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 89-91 Ashley St, Springfield MA 01105

Real Estate Taxes$2,861

Tax Year2023

Assessed Value$167,800

Financial Data SourceOwner

Total Gross Expenses By Broker$2,662

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$27,120

BostonRealEstate.com Gross Income

Total Net Income By Broker$24,458

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)9.60%

Location Information for 89-91 Ashley St, Springfield MA 01105

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Park, Medical Facility, Public Transportation

Contact Information for 89-91 Ashley St, Springfield MA 01105

Agent

Name: Michael Toomey

Office

Name: Michael Toomey & Associates, Inc.

Phone: 508-867-2800

Payment Calculator

, Interest

Property Taxes 238.42

Principal & Interest 1385.76

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Michael Toomey & Associates, Inc.

Michael Toomey

Agent Phone

Office Phone

(508) 867-2800

Text Agent Call Agent Call Office

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                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[22] => Array
                (
                    [id] => 7638742
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[23] => Array
                (
                    [id] => 7638743
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[24] => Array
                (
                    [id] => 7638744
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[25] => Array
                (
                    [id] => 7638745
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[26] => Array
                (
                    [id] => 7638746
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[27] => Array
                (
                    [id] => 7638747
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[28] => Array
                (
                    [id] => 7638748
                    [name] => MLS29.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[29] => Array
                (
                    [id] => 7638749
                    [name] => MLS30.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=30
                    [index] => 30
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[30] => Array
                (
                    [id] => 7638750
                    [name] => MLS31.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=31
                    [index] => 31
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[31] => Array
                (
                    [id] => 7638751
                    [name] => MLS32.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=32
                    [index] => 32
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

[32] => Array
                (
                    [id] => 7638752
                    [name] => MLS33.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73104584&w=1024&h=768&n=33
                    [index] => 33
                    [enabled] => 1
                    [created] => 2024-05-07 08:06:10
                    [modified] => 2024-05-07 08:06:10
                )

)

)

EXIT