70-74 Grenada Ter Active Save Request In-Person Tour Request Virtual Tour
Springfield,MA 01108
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73295892
Bedrooms 46
Full Baths 16
Year Built 1917
Annual Tax Amount $21,360
Tax Year 2022
Lot Size 6,098 Sqft
Property 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 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.
Location
State MA
County Hampden
Zoning R2
Exterior
Community Features Public Transportation,Shopping,Medical Facility,Highway Access,Public School
Waterfront false
Building
Story 7
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public