70-74 Grenada, Springfield, MA 01108

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.

14-3 Br units and 2-2Br units with heat and hot water included in rent. Brand new heat and Hot water tank. Separate electric meter. All have lead latter's of compliance, Some units with Granite kitchen, Updated exterior lighting, Several electrical updates, Cameras mounted and installed on the property has basement with functional coin up laundry machines ready for use. Newer porches. Two Separate Buildings (8 units each). Parking lot is rare of those buildings.