$2,099,000

Pending

Est. Mortgage $10,203/mo *

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70-74 Grenada Ter, Springfield, MA, 01108

70-74 Grenada Ter, Springfield, MA, 01108
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78 rooms

46 beds

16 Full baths

1917

0 sqft

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.

Status:

Pending

Type:

Multi-family

Units:

16

Zoning:

R2

Basement:

Full

Levels:

7

Parking:

16-car, Paved Drive, Paved

Acreage:

0.14

Est. Taxes:

$21,360

Assessment

$561,300

Amenities:

Public Transportation, Shopping, Medical Facility, Highway Access, Public School

MLS #:

73295892

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Hayat Awadallah, Cameron Real Estate Group Phone: 781-486-3180