42 Kensington Ave, Springfield, MA 01108
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$475,000
4 Unit
6 Beds
4 Baths
SQFT: N/A
0.17 Acre

Property Description

Rare 8-Unit Investment Gem – Turnkey & Fully Managed! Here’s your chance to own two exceptionally maintained four-family properties, perfectly positioned side by side for a total of 8 income-producing units. Each building offers a well-balanced mix: (2) spacious 5-room, 2-bedroom units and (2) 4-room, 1-bedroom units – ideal for maximizing rental potential and attracting a diverse tenant base. These properties have seen numerous updates and upgrades and feature separate utilities and lead compliance certification—making ownership smooth and worry-free. Off-street parking adds everyday convenience for tenants, while professional management ensures a truly hands-off investment experience. Whether you're growing your portfolio or seeking a rock-solid asset with consistent cash flow, this opportunity is one you don’t want to miss. Sold together with mls #73358117 for $950K.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Steam

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 64080
  • Gross Expenses: 10586
  • Water/Sewer: 1370
  • INSC: 6479
  • RFS: 2737
  • Net Operating Income: 64080

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1922
  • Type: 4 Family
  • Foundation Info: Concrete Block
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73358113
  • Last Updated: 04/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/14/2025Active$475,000MLSPIN
04/10/2025New$475,000MLSPIN

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Seller's Representative: Maher Khatib, M B C REALTORS®
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-04-15 21:23:00

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