Investment opportunity: Fully leased 6-family property near downtown Springfield with four 2-bedroom units and two 1-bedroom units. Several units have been renovated to high-end, modern condo-quality finishes, and others have been updated with new kitchens, floors, and bathrooms. All units have lead certificates. The property is professionally managed and has recently undergone updates including a brand new roof replaced in 2023, newly redone siding, and newly built front steps and porch. Tenants pay all utilities except for hot water. Currently, the property generates over $92k annually in gross rental income.
Sold for $695,000
$695,000
89 Kensington Ave, Springfield, MA 01108
10beds
5,701sqft
5-9 Family
Built in 1924
-- sqft lot
$739,700 Zestimate®
$122/sqft
$2,323 Estimated rent
Home value
$739,700
$666,000 - $821,000
$2,323/mo
Zestimate® history
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$2,323/mo
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$4,469/mo
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Zillow last checked: 7 hours ago
Listing updated: September 24, 2024 at 01:52pm
Listed by:
Kevin Li 617-257-3595,
MP Signature Realty LLC 781-322-6928,
Kevin Li 617-257-3595
Bought with:
Azik Gamidov
ROVI Homes
Source: MLS PIN,MLS#: 73262131
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Features
- Other, Living Room, Kitchen
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,701
- Total interior livable area: 5,701 sqft
Property
Lot
- Size: 5,702 sqft
- Features: Corner Lot
Details
- Parcel number: S:07230 P:0062,2590367
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Block
Condition
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Other
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 7690
Price history
| Date | Event | Price |
|---|---|---|
| 9/20/2024 | Sold | $695,000+6.9%$122/sqft |
Source: MLS PIN #73262131 Report a problem | ||
| 7/10/2024 | Listed for sale | $649,900+73.3%$114/sqft |
Source: MLS PIN #73262131 Report a problem | ||
| 7/9/2021 | Sold | $375,000+1.4%$66/sqft |
Source: MLS PIN #72836379 Report a problem | ||
| 5/26/2021 | Pending sale | $369,900$65/sqft |
Source: MLS PIN #72836379 Report a problem | ||
| 5/21/2021 | Listed for sale | $369,900+3%$65/sqft |
Source: MLS PIN #72836379 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Forest Park
Nearby schools
GreatSchools rating
- 4/10Kensington International SchoolGrades: PK-5Distance: 0.1 mi
- 3/10Forest Park Middle SchoolGrades: 6-8Distance: 0.5 mi
- NALiberty Preparatory AcademyGrades: 9-12Distance: 0.2 mi
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$739,700
2% more
+$14,794
With Zillow Showcase(estimated)
$754,494
- Massachusetts
- Hampden County
- Springfield
- 01108
- Forest Park
- 89 Kensington Ave