70-74 Grenada Ter, Springfield, MA, 01108
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:
Active
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