Turn-key 6-family investment opportunity with three 3-bedroom and three 2-bedroom units, generating over $102K in annual gross rental income. All units have had recent updates, including vinyl plank flooring, updated bathrooms, fresh paint, and window replacements. Additional recent improvements include a rebuilt exterior porch, new siding, a new fire alarm panel, and an intercom system. One unit was just renovated and is currently vacant, ready for a new market-rate tenant or owner-occupancy. Lead certificates are available for four units. Tenants pay all utilities except water, with each unit having separate electric and gas meters. The property has been professionally managed, and all tenants are in good standing. It also features a paved driveway for two cars and a fenced-in backyard. Strong cash flow with long-term investment potential.
Multi-familyProperty Type
1906Year Built
7,336 sq ftLot Size
$122Price/Sq.Ft.
2 spacesParking
Listed by Kevin Li• MP Signature Realty LLC
Bought with Eugene Diaz• Coldwell Banker Realty - Lynnfield
Here it is....your next Investment Opportunity!! This 6 unit property is fully occupied with long term tenants whose rents are current as per owner. Features include separate utilities, washer hook-ups in the units; separate H/W tanks; each unit has it's own electric panel and there is also a separate owners panel. There are 3 units with 5 rooms including 3 bedrooms and full bath. The other 3 units are 4 rooms including 2 bedrooms and one full bath. Most units feature vinyl flooring and carpet. Tenants pay their own utilities. Long time owner who is retiring. So much potential!! Showings to begin Saturday, March 27 from 1-3. Schedule your appointment and don't miss out on this great investment opportunity (May Not Pass FHA). This property is a real Money Maker!
Year
Property tax
Land + Additions
Assessment*
2023
$7,649 (+15.4%)
$28,600 + $420,000
$448,600
2022
$6,627 (−6.3%)
$26,700 + $325,400
$352,100
2021
$7,074 (+16.6%)
$24,300 + $350,000
$374,300
2020
$6,066 (−0.8%)
$24,300 + $286,300
$310,600
2019
$6,113 (+5.9%)
$24,300 + $286,300
$310,600
2018
$5,772 (+9.1%)
$23,400 + $269,900
$293,300
2017
$5,289 (+6.0%)
$22,800 + $246,200
$269,000
2016
$4,990 (+3.0%)
$22,800 + $231,000
$253,800
2015
$4,845 (+12.8%)
$22,800 + $223,500
$246,300
2014
$4,295 (+8.5%)
$24,500 + $193,400
$217,900
2013
$3,958 (−0.6%)
$24,500 + $176,300
$200,800
2012
$3,982 (−11.1%)
$24,500 + $176,300
$200,800
2011
$4,477
$45,000 + $184,700
$229,700
Tax history for 28 Randall Pl
Year
Property tax
Land + Additions
Assessment*
2023
$7,649 (+15.4%)
$28,600 + $420,000
$448,600
2022
$6,627 (−6.3%)
$26,700 + $325,400
$352,100
2021
$7,074 (+16.6%)
$24,300 + $350,000
$374,300
2020
$6,066 (−0.8%)
$24,300 + $286,300
$310,600
2019
$6,113 (+5.9%)
$24,300 + $286,300
$310,600
2018
$5,772 (+9.1%)
$23,400 + $269,900
$293,300
2017
$5,289 (+6.0%)
$22,800 + $246,200
$269,000
2016
$4,990 (+3.0%)
$22,800 + $231,000
$253,800
2015
$4,845 (+12.8%)
$22,800 + $223,500
$246,300
2014
$4,295 (+8.5%)
$24,500 + $193,400
$217,900
2013
$3,958 (−0.6%)
$24,500 + $176,300
$200,800
2012
$3,982 (−11.1%)
$24,500 + $176,300
$200,800
2011
$4,477
$45,000 + $184,700
$229,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
15
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
—
Sq. Ft.
6,384
Year built
1906
Style
Multi-Family (5+ Unit)
County
Hampden County
APN
2603044
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
IA
General Industrial District
Range of Industrial and Business uses.
Permitted uses
Include but are not limited to:
Agriculture
Garden center
Self-Storage / mini-Storage
Warehouse
Kennel
Marina
Cemetery
Park & open space
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 2
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full, Interior Entry, Concrete
Interior Features
# of Rooms (Total): 27
Flooring: Tile, Vinyl, Varies, Hardwood
Interior Features: Pantry, Bathroom With Tub, Remodeled, Lead Certification Available, Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Exterior
Building Information
Building Area (Total): 6,384
Foundation Details: Brick/Mortar
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Lead Paint: Certified Treated
Exterior Features
Fencing: Fenced/Enclosed, Fenced
Roof: Shingle
Patio And Porch Features: Porch
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 0.17
Road Surface Type: Paved
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $8,049
Tax Year: 2024
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, Individually Metered, Varies per Unit
Heating & Cooling
Has Heating
Heating: Electric
Location
Location Information
Directions: Use GPS. Allen Street to Randall Place.
UnparsedAddress: 28 Randall Pl, Springfield MA 01108
Community Information
Senior CommunityYN: No
Public facts
Beds: 15
Baths: —
Sq. Ft.: 6,384
Stories: 3.0
Lot Size: 7,405 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1906
Year Renovated: —
County: Hampden County
APN: 2603044
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Kensington International School
Public PreK-5 • Assigned • 0.4mi
4/10
Springfield High School
Public 9-12 • Assigned • 0.5mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, MA • 01108
Average low and high temperatures (°F)
32
18
35
19
52
32
62
41
70
51
82
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87
67
82
59
76
56
66
44
52
35
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.