70-74 Grenada Ter Springfield, MA 01108
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyHampden
- Taxes$21,360
- HOA/Condo/Coop Fees$0
- Days on Site22 Days
- MLS StatusActive
- MLS ID Number73295892
- Home Size Source Public Records
- Year Built1917
- Lot Size0.14 Acres
- Full Baths16
- Partial BathsN/A
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General Features
- Parking Paved DrivePaved
- Parking Spaces 16
- Sewer Public Sewer
- Basement Full
- Number of Stories 7
- Acreage 0.14
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Concrete Perimeter
- Zoning R2
- Garage 0
- Parking Features Paved DrivePaved
Interior Features
- Fireplaces 0
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
- Patio And Porch Porch
Community Features
- Community Features Public TransportationShoppingMedical FacilityHighway AccessPublic School
- Senior Community No
- Adult Care Community No