See Home Value
$1,980,000
● Property - Off Market

70-74 Grenada Ter

Springfield, MA 01108
bedrooms
Studio
bathrooms
16 Baths
$12,087
Est. Monthly
0.53%
Cap Rate

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Property
Property Taxes
$1,780
HOA Dues
-
Year Built
1917

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Last updated: 2 years ago (MLSPIN #73295892)

Price History

Date / Event Date Event Price
Mar 7, 2025 Sold
Sold
Nov 12, 2024 In contract -
In contract
Sep 27, 2024 Listed by Cameron Real Estate Group $2,099,000
Listed by Cameron Real Estate Group
Apr 19, 2022 Sold
Sold
Apr 24, 2020 Sold
Sold
Show More

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Paved
Interior Details
Full Bathrooms: 16
Rooms: 78
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: 5+ Family - 5+ Units Up/Down
Levels: 7
Stories (Total): 7
Building Area Units: Square Feet
Patio and Porch Features: Porch
Lead Paint: Yes, Unknown
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Zoning: R2
Water Source: Public
Financial Details
Tax Assessed Value: $561,300
Tax Annual Amount: $21,360
Utilities Details
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, Public School

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20240927
09/27/2024
Loft
16 Bath
-
$2,099,000
bedrooms
Loft
bathrooms
16 Bath
$1,980,000 -5.67%
03/07/2025
Shirin KokoBaeva
Salomon & Co. Real Estate
20230313
03/13/2023
Loft
16 Bath
-
$1,950,000
bedrooms
Loft
bathrooms
16 Bath
-
-
Hayat Awadallah
EXIT Realty Group
20220303
03/03/2022
Loft
16 Bath
-
$1,550,000
bedrooms
Loft
bathrooms
16 Bath
$1,550,000
04/19/2022
Sohrab Khan
Boston Trust Realty Group
20100319
03/19/2010
Loft
16 Bath
12020 ft²
$375,000
bedrooms
Loft
bathrooms
16 Bath
square feet
12020 ft²
$275,000 -26.67%
05/12/2010
Paul Trela
Trela Realty, LLC
20061206
12/06/2006
48 Bed
4 Bath
2401 ft²
$800,000
bedrooms
48 Bed
bathrooms
4 Bath
square feet
2401 ft²
$725,000 -9.38%
05/16/2007
Eric Appleton
Gillette Realty
20050620
06/20/2005
46 Bed
2 Bath
9600 ft²
$949,000
bedrooms
46 Bed
bathrooms
2 Bath
square feet
9600 ft²
$949,000
10/27/2005
David Roffo
Prime Real Estate

Building Info

70 Grenada Terrace 70 Grenada Terrace, Springfield, MA 01108
  • 1 Unit for Sale
More about this Building
70 Grenada Terrace
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