70-74 Grenada TerraceSpringfield, MA 01108MLS Number 73295892

  • Price: $2,099,000
  • Est. Mortgage of $/month
  • 14 Days on Market
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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70-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 0110870-74 Grenada Terrace Springfield MA 01108
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  • 46Bedrooms
  • 0.14Acreage
  • 16Bathrooms
  • 1917Year Built

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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 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 of Cameron Real Estate Group

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More Info

Basic Information

  • Gross Income $285,600
  • Mls StatusActive

Rooms

  • Bathroom16
  • Bathrooms Total Decimal 16
  • Bedrooms46
  • Full Bath16

Building

  • BasementFull
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Patio And Porch Features Porch
  • Rooms78
  • Stories7
  • Units16
  • Year Built1917
  • Year Built Details Actual
  • Year Built Source Public Records

Tax Information

  • Tax Assessed Value $561,300
  • Tax Year 2022
  • Taxes$21,360

Basic Information

  • List Price$2,099,000
  • MLS Number73295892
  • Modification Date10/01/2024
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.14

Utilities

  • Electric Expense 2880
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation, Shopping, Medical Facility, Highway Access, Public School
  • Other AmenitiesBasement

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Paved
  • Parking Spaces16

Location

  • Address70-74 Grenada Terrace
  • Building Number70-74
  • CountyHampden
  • StateMA
  • StreetGrenada Terrace
  • TownSpringfield
  • Zip01108

Property Information

  • Building Area Source Public Records
  • Lot Size Square Feet 6,098
  • Lot Size Units Acres

Other

  • Date Listed09/27/2024
  • Farm Land Area Units Square Feet
  • View Count10

Springfield, MA Demographics

There is no data available

Springfield, MA Real Estate Market Data

There is no data available

Springfield, MA Schools

School NameDistanceTypeGrades
Union Crossing Realty
Union Crossing Realty
Office: 413-427-2390
420 Union Street
Westfield, MA 01085

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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