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70-74 Grenada Terrace, Springfield, MA

Springfield · MA 01108

$1,130,000
Price
46
Beds
16
Baths
3760
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1917
Units: 16 Units
Lot size: 0.28 Acre Lot
Price per square foot: $306 / Sq.Ft
Parking: 10 Off Street Spaces

About this home

14 -3 Br units and 2 2br untis with heat and hot water included in rent. 10 units recently updated, All have lead letters of compliance, Some units with Granite kitchens, Updated heat and hot water included in the rent. Updated exterior lighting, Newer porches, Several electrical updates, Rent roll leaves upside for new owner, Current owner looking to invest closer to home in Eastern MA, Upside in rents (Market is $1200 for 3BR and $1000 for 2BR), Brand new heating system completely redone 2014 Porches - 2014., $80K invested in early 2019 to renovated and update units/buildings, Cameras mounted and installed on property Has basement with functional laundry machines ready for use to act as additional revenue source. Potential of $400/month additional revenue Existing management familiar with building for easy/smooth takeover

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:
2111 days
Listing Price:
$1,150,000
Price per Sq.Ft:
$306
Tax Assessment:
$810,000 in 2019
Taxes:
$1,375 / Monthly

Home Facts

Interior Features

Bedrooms
46
Full Bathrooms
16
Half Bathrooms
0
Living Area
3,760 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
100 Amps

Exterior Features

Lot Size
12,014 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
10 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
Pablo Ottenwalder
Listing office
Premier Choice Realty
MLS PIN #
72570669