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Backup Offers

70-74 Grenada Ter, Springfield, MA, 01108

$2,099,000

Home List Price

$10,000*

Closing Credit

46 Bedrooms
16 Full Baths
Multi

Location

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70-74 Grenada Ter, Springfield$2,099,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Paved
Year Built1917
BasementYes
MLS #73295892
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Contingent)

About 70-74 Grenada Ter

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

Property Features

Property Information:

  • Year Built: 1917

Listing Office:

  • Office Name: Cameron Real Estate Group
  • Office Phone: (781) 486-3180
  • Listing Agent: Hayat Awadallah

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 16
  • Total Bedroom Count: 46

Exterior Features

Parking Information:

  • Parking: Paved Drive, Paved

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,099,000
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Housing Market Comparison

See how this home compares to others in Springfield, MA.

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Springfield, MA

City

Med. Sold Price

$299.5K

Med. Price/SqFt

$185

Avg. Days On Market

30

# of Sold Homes

94

70-74 Grenada Ter vs Springfield

55 DAYS ON ROCKET

+25 Days

$2,099,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Springfield, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73295892

Listing Office:

  • Office Name: Cameron Real Estate Group
  • Office Phone: (781) 486-3180
  • Listing Agent: Hayat Awadallah

IDX Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,359

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-473441
5
/10

  • White Street

  • 300 White St

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-473442
3
/10

  • Kensington International School

  • 31 Kensington Ave

  • 0.32 miles

  • Public District Grades PK-5

school-card-donut-473443
4
/10

  • Washington

  • 141 Washington St

  • 0.54 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,900. The majority of Springfield, MA residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Hampden County›Springfield›01108›70-74 Grenada Ter

This home is located at 70-74 Grenada Ter in Springfield, MA and zip code 01108 in the Forest Park neighborhood. This home, which was built in 1917, sits on a 0.14 acre lot. Features: 46 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $2,099,000.

While more than 67 listings in Springfield, MA in October 2024 were sold above asking price, there were more than 11 listings sold at asking price, and more than 16 were sold below. The number of homes for sale in Springfield, MA increased by 8.6% between September 2024 and October 2024. In October 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $299,525.

From Rocket Homes Real Estate and based on county public records data.

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