Multi-Family for Sale: 70-74 Grenada Ter, Springfield, MA 01108

46 beds
16 full baths
$2,099,000
$2,099,000
70-74 Grenada Ter, Springfield, MA 01108
46 beds
16 full baths
$2,099,000
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Price:
$2,099,000
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Type Multi-Family
Beds 46
Total Baths 16 full baths
Lot Size 0.14 acres
Year Built 1917
City Springfield
County Hampden
MLS 73295892
Status Pending
DOM 88 days
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.

Lot & Building Features

Sewer Public Sewer
Tax Year 2022
Taxes Paid $21,360
Water Public
Foundation Concrete Perimeter
Full Baths 16
Parking Paved, Paved Drive
Total Rooms 78
Basement Feature Full
Garage Spaces 0

Price History of 70-74 Grenada Ter, Springfield, MA

Date Name Price Difference
09/27/2024 Listing Price $2,099,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Kevin Garrabrant
Direct: 603-333-3353
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Cameron Real Estate Group, Hayat Awadallah
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70-74 Grenada Ter (MLS #73295892) is a multi-family listing located in Springfield, MA. This multi-family listing on a lot of 6,098 sqft (or 0.14 acres) with 46 bedrooms, 16 baths and is 107 years old. This property was listed on 09/27/2024 and has been priced for sale at $2,099,000.

Nearby zip codes are 01028, 01105, 01106, 01109 and 01118. This property neighbors other cities such as Agawam, East Longmeadow, Longmeadow and West Springfield.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Cameron Real Estate Group

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.