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You are here:
Home Massachusetts Springfield Multi-Family Homes for Sale

70-74 Grenada Ter Springfield, MA 01108

$2,099,000
16 Unit
46 Beds
16 Baths
SQFT: N/A
0.14 Acre
70-74 Grenada Ter
Springfield, MA 01108

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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 16
  • Total Floors: 7
  • Total Bedrooms: 46
  • Total Full Baths: 16
  • Amenities: Highway Access, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 285600
  • Gross Expenses: 106956
  • GSE: 9888
  • Electric Expenses: 2880
  • Water/Sewer: 20628
  • INSC: 13800
  • Repairs & Maintenance: 31200
  • RFS: 7200
  • Net Operating Income: 178644

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1917
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown, Yes
  • Warranty: No

Other Information

  • MLS ID# 73295892
  • Last Updated: 10/01/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/01/2024Active$2,099,000MLSPIN
09/27/2024New$2,099,000MLSPIN
10/14/2023Expired$1,950,000MLSPIN
08/22/2023Temporarily Withdrawn$1,950,000MLSPIN
05/24/2023Active$1,950,000MLSPIN
05/20/2023Back on Market$1,950,000MLSPIN
04/28/2023Under Agreement$1,950,000MLSPIN
04/14/2023Contingent$1,950,000MLSPIN
03/17/2023Active$1,950,000MLSPIN
03/13/2023New$1,950,000MLSPIN
04/20/2022Sold$1,550,000MLSPIN
03/15/2022Under Agreement$1,550,000MLSPIN
03/06/2022Contingent$1,550,000MLSPIN
03/03/2022New$1,550,000MLSPIN

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View Breakdown

Map & Resources

Liberty Preparatory Academy

Public Secondary School, Grades: 9-12

0.13mi

Springfield High School

Public Secondary School, Grades: 9-12

0.13mi

White Street School

Public Elementary School, Grades: PK-5

0.17mi

Kensington International School

Public Elementary School, Grades: PK-5

0.3mi

Springfield Realization Academy

Public Middle School, Grades: 6-8

0.44mi

Forest Park Middle School

Public Middle School, Grades: 6-8

0.44mi

Washington School

Public Elementary School, Grades: PK-5

0.56mi

Springfield College

University

0.67mi

The Plaza Bar

Bar

1.65mi

TAP Sports Bar

Bar

1.69mi

Knox Bar

Bar

1.7mi

Commonwealth Bar and Lounge

Bar

1.72mi

Starbucks

Coffee Shop

1.53mi

McDonald's

Burger (Fast Food)

1.22mi

Pizza Works

Pizza & Sandwich Restaurant

0.24mi

Jack Chen II Restaurant

Chinese Restaurant

1.19mi

Dakin Humane Society

Animal Shelter

1.5mi

Vibra Hospital of Western Massachusetts

Hospital

2.12mi

Springfield College Public Safety

Police

0.87mi

Springfield Police Metro Unit Substation

Police

1.76mi

Springfield Police Dept

Police

2.01mi

Hampden County Sheriff

Police

2.3mi

Springfield Fire Department

Fire Station

0.34mi

Springfield Fire Department

Fire Station

0.92mi

Springfield Fire Department

Fire Station

1.52mi

The Zoo in Forest Park & Education Center

Zoo

0.98mi

Fuller Arts Center

Arts Centre

0.77mi

Karen Sprague Cultural Arts Center

Arts Centre

1.69mi

Regal MGM Springfield

Cinema

1.62mi

MassMutual Center Convention Center

1.82mi

Naismith Memorial Basketball Hall of Fame

Museum

1.46mi

George Walter Vincent Smith Art Museum

Museum

1.77mi

Springfield Armory Museum

Museum

1.78mi

Appleton Tennis Courts

Sports Centre. Sports: Tennis

1.01mi

Archie Allen Baseball Field - Ability Field

Sports Centre. Sports: Baseball

1.04mi

Blake Arena

Sports Centre. Sports: Basketball

1.05mi

James Naismith Court

Sports Centre. Sports: Basketball

1.07mi

Art Linkletter Natatorium

Sports Centre. Sports: Swimming

1.09mi

Stagg Field

Sports Centre. Sports: American Football

1.11mi

Picknelly Field

Sports Centre. Sports: Baseball

1.69mi

MassMutual Center Ice Rink

Sports Centre. Sports: Ice Hockey, Basketball

1.81mi

Forest Park

Municipal Park

0.34mi

Oakland St. Park

Municipal Park

0.48mi

Mary Shea Park

Municipal Park

0.5mi

Edward J Murphy Park

Municipal Park

0.63mi

Harriet Tubman Park

Municipal Park

0.66mi

Nathan Bill Park

Municipal Park

0.68mi

Stebbins Park

Municipal Park

0.68mi

Ruth Elizabeth Park

Municipal Park

0.74mi

TAP Bowling & Arcade

Bowling Alley

1.67mi

Albert Tranghese Playground

Playground

1.46mi

Sprigfield Yacht & Canoe Club

Recreation Ground

1.58mi

Winchester Square

Recreation Ground

1.58mi

Franconia Golf Course

Golf Course

1.78mi

Towne Student Health Center

Doctors

1.1mi

BSW Beauty Supply

Beauty

1.64mi

Pretty Nails

Nails

1.65mi

TD Bank

Bank

1.58mi

Roady's Truck Stops

Gas Station

1.36mi

Sunoco

Gas Station

1.37mi

Forest Park Branch Springfield City Library

Library

0.38mi

Springfield City Library

Library

0.89mi

Food Zone

Supermarket

0.38mi

Big Y

Supermarket

1.58mi

Stop & Shop

Supermarket

1.71mi

Walgreens

Pharmacy

0.22mi

Walgreens

Pharmacy

0.61mi

CVS Pharmacy

Pharmacy

1.69mi

Seller's Representative: Hayat Awadallah, Cameron Real Estate Group
MLS ID#: 73295892

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-10-01 03:06:00