$185,000
●
Multifamily -
Off Market
59-61 Pendleton Ave
Springfield, MA 01109
5 Beds
2 Baths
2,069 Ft²
$281,724
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model
About This Property
Newly Renovated multifamily home with 2-car garage! Owner occupy
first floor unit with 2 bedroom rental on second floor! Brand new
roof on house and garage! BIG fenced in yard! Brand-new
insulated windows, On-demand tankless water heater and new high
efficiency forced air gas furnace! Updated countertops and cabinets
in both units. Too many updates to list! A MUST SEE WONT LAST LONG!
Unit Size
2,069 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$90
Property Type
Multifamily
Property Taxes
$153
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72392634)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2018 | Sold | ||
| Sold | |||
| Sep 10, 2018 | Listed by Landmark, REALTORS® | $185,999 | |
| Listed by Landmark, REALTORS® | |||
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street, Paved
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Pantry, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower), Unit 2(Upgraded Countertops, Bathroom With Tub, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo)
Appliances: Unit 1(Wall Oven, Dishwasher, Disposal, Microwave, Countertop Range), Unit 2(Microwave), Gas Water Heater, Tank Water Heater, Tankless Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Vinyl, Carpet, Laminate, Hardwood, Wood Laminate, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
Laundry Features: Washer Hookup
Rooms: 11
Basement: Full, Partially Finished, Walk-Out Access, Concrete
Exterior Details
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame, Block
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: R2
Parcel Number: S:09630 P:0096, 2601105
Water Source: Public
Financial Details
Tax Assessed Value: $93,300
Tax Annual Amount: $1,836
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Central Heat, Forced Air, Gas), Unit 2(Electric)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Public School, University, Sidewalks
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/10/2018
| |
5 Bed
|
2 Bath
|
2069 ft²
|
$185,999
5 Bed
2 Bath
2069 ft²
|
$185,000
-0.54%
10/31/2018
|
Edward McDade
Dot Lortie Realty / Landmark
|
|
03/07/2018
| |
5 Bed
|
2 Bath
|
2069 ft²
|
$99,900
5 Bed
2 Bath
2069 ft²
|
$62,000
-37.94%
03/20/2018
|
Roberto Lopez
Home Equity Assets Realty, LLC
|
|
11/26/2014
| |
4 Bed
|
2 Bath
|
2069 ft²
|
$45,000
4 Bed
2 Bath
2069 ft²
|
$45,000
03/19/2015
|
Ivan Karamian
Berkshire Hathaway HomeServices Realty Professionals
|
|
11/16/2001
| |
5 Bed
|
-
|
2326 ft²
|
$69,900
5 Bed
-
2326 ft²
|
$69,900
06/21/2002
|
Charlene E Galica
Lion's Head Real Estate Group
|
Building Info
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