70-74 Grenada Terrace
$2,099,000
46
16
—
—
—
Under Agreement
Description
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...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.
- Listed by Hayat Awadallah • Cameron Real Estate Group
Property Details for 70-74 Grenada Terrace
Town
Springfield
AreaMA-Springfield
Garage Spaces0
Parking Spaces16.00
Parking Spaces Total16
LISTING UPDATED: 11/26/2024 03:10 AM
Property Details for 70-74 Grenada Terrace
Status | Under Agreement |
---|---|
MLS # | 73295892 |
Days on Market | 60 |
Taxes | $21,360 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - 5+ Units Up/Down |
Year Built | 1917 |
County | Hampden County |
Building Information for 70-74 Grenada Terrace
Stories7Residences16Year Built1917Building Size-Lot Size0.14 AC / 6,098 SF
Property Information for 70-74 Grenada Terrace
Property History for 70-74 Grenada Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 70-74 Grenada Terrace
This home is within Springfield School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Sumner Avenue PublicPK to 5 | ||
Forest Park Middle School Public6 to 8 | ||
High School/Science-Tech Public9 to 12 | ||
Putnam Vocational Technical High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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