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70-74 Grenada Ter, Springfield, MA

Springfield Multi-Family    (login for more details)

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Unit Information

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.

Additional Details
Status: ACT
Type: Multi-Family, 5+ Family - 5+ Units Up/Down
Zip Code: 01108
Living Levels: 7
Parking
Parking: Paved Drive, Paved
Parking Spaces: 16
Rooms and Dimensions
Total Units: 16
Total Floors: 7
Total Rooms: 78
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$2,099,000

  • Listing ID: 73295892
  • Bedrooms: 46
  • Full Baths: 16
  • Lot Size: 6,098 sqft Convert
  • Acres: 0.14

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Luxury Residential Group

Luxury Residential Group

(617) 233-5800

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Content © 2024 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Hayat Awadallah of Cameron Real Estate Group. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

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