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Courtesy of:
Cameron Real Estate Group, Hayat Awadallah
Listing Sold By:
Leverage Real Estate, LLC
Local Realty Services Provided By:
Pioneer Valley
Overview
What It'll Cost
Neighborhood
70-74 Grenada Ter, Springfield, MA 01108
46 Beds
16 Baths
70-74 Grenada Ter, Springfield, MA 01108
Estimation provided by Keller Williams Realty Inc.
46 Beds
16 Baths
Sold
Sold
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 Details
Compare This Home
Overview
Property Type
5+ Family - 5+ Units Up/Down
Year Built
1917
Days on Site
186 Days
Parking
16 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$1,980,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
09/27/2024
Listed
(+35.42% )
04/19/2022
Sold
(+37.17% )
04/22/2020
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
(+2.77% )
Land 31,100 +
Additions 748,500
2023
(+15.32% )
Land 28,300 +
Additions 686,200
2022
(+4.07% )
Land 26,400 +
Additions 534,900
2021
(+20.32% )
Land 24,000 +
Additions 513,100
2019
(+5.91% )
Land 24,000 +
Additions 404,700
2018
(+9.12% )
Land 23,100 +
Additions 381,700
2017
Land 22,500 +
Additions 348,800
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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market snapshot
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Transit & Commute
Estimated commute times from Forest Park
Car-Dependent
Walkable
Very Walkable