$2,099,000
70-74 Grenada Ter
Springfield, MA, 01108
Investor’s Special! Discover a unique and rare investment opportunity with these two fully occupied and low-maintenance 4-story brick buildings! Featuring 14 spacious three-bedroom and 2 two-bedroom units. This property boasts a total of 46 bedrooms and 16 bathrooms. All units have lead letters of compliance and each unit has separate electric and gas meters. Most units have been recently updated, complemented by new exterior lighting, electrical improvements, and security cameras. Newer porches and 16 parking spaces. This property generates an impressive $285,600 annually. 12 apartments on one-year leases and 4 on month-to-month leases. 5 apartments has long term tenants with under market rent. The mix of long-term tenants and flexible leases presents the ultimate chance to gradually increase rents or consider a condo conversion. Showings start Thursday, 10/3/2024—Don’t let this exceptional and fantastic opportunity slip away! For more details, refer to the attached rent roll.
Property Details
Price:
$2,099,000
MLS #:
73295892
Status:
Active Under Contract
Beds:
46
Baths:
16
Address:
70-74 Grenada Ter
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Springfield
Listed Date:
Sep 27, 2024
State:
MA
ZIP:
01108
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1917
Units:
16
Schools
Interior
Bathrooms
16 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Medical Facility, Highway Access, Public School
Parking Features
Paved Drive, Paved
Parking Spots
16
Financial
Tax Year
2022
Taxes
$21,360
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Cameron Real Estate Group. 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.
70-74 Grenada Ter
Springfield, MA
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