$2,099,000
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70-74 Grenada Ter Unit 70-74 Springfield, MA 01108
Multi-Family
Residence
46
Beds
16
Baths
Sq. Ft.
0.14
Acre
Lot
Property Activity
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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 c...ompliance 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.
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MLS#
73295892
Property Type
Multi-Family
Bedrooms
46
Bathrooms
16 Full
Year Built
1917
Lot Size
0.14
Sewer
Public Sewer
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