Off Market
70-74 Grenada Terrace, Springfield, MA
Springfield · MA 01108
- $1,950,000
- Price
- 46
- Beds
- 16
- Baths
- 0
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1917
Units:
16 Units
Lot size:
6,098 Sq.Ft Lot
Parking:
14 Off Street Spaces
About this home
BOM due to Buyer unable to obtain financing. APARTMENT INVESTORS!!! Don't miss this Once in a Lifetime Fantastic and Rare Opportunity to purchase this Fully Rented, Income-Producing, Low Maintenance, Two Separate Cash Flowing 4 Story Brick Buildings (8 units each). The buildings feature (14) 3-BD and (2) 2-BD Apartments all with Heat included in rent. Brand New Heat and Hot Water Tanks. Separate Electric Meters. Some Units have Granite Kitchens. Updated Exterior Lighting, Several Electrical Updates, Cameras Mounted and Installed on the Property. Basements with Functional Coin Laundry Machines. Newer Porches and Large Parking Lot. Majority of rents Under Market Value. Some tenants have Vouchers with Local Housing Agencies. This Worthwhile Opportunity gives an intelligent investor the option to either keep Long-Term tenants or Massively Increase Cashflow by Renting Short/Midterm, as well as the choice to Convert & Sell as Condos. Expected Income to Increase To $288,000 Annually.
Neighborhood & Transit
70-74 Grenada Terrace, Springfield · MA 01108
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1331 days
- Listing Price:
- $1,950,000
- Price per Sq.Ft:
- NA
- Tax Assessment:
- $561,300 in 2022
- Taxes:
- $1,780 / Monthly
Home Facts
Interior Features
- Bedrooms
- 46
- Full Bathrooms
- 16
- Half Bathrooms
- 0
- Living Area
- 0 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 0
- Flooring
- Unknown
- Lead paint
- Yes, Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 6,098 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 14 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Hayat Awadallah
- Listing office
- Cameron Real Estate Group
- MLS PIN #
- 73086846
- Disclosure
- Seller never lived at the property. Buyer and Buyer Agent to do their own Due Diligence. OFFERS DEAD LINE 4/10.