Sold
70-74 Grenada Terrace, Springfield, MA
Springfield · MA 01108
- $1,980,000
- 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:
16 Off Street Spaces
About this home
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.
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:
- 767 days
- Listing Price:
- $2,099,000
- 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
- 16 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 #
- 73295892
- Disclosure
- Seller Never Lived At The Property. Buyer and Buyer Agent To Do Their Own Due Diligence.