70-74 Grenada TerraceSpringfield, MA 01108MLS Number 73086846

  • Price: $1,950,000
  • Est. Mortgage of $/month
  • 85 Days on Market
$/month over payments
Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 46Bedrooms
  • 0.14Acreage
  • 16Bathrooms
  • 1917Year Built

Driving Directions

BOM due to Buyer unable to obtain financing. APARTMENT INVESTORS!!! Don't miss this Once in a Lifetime Fantastic and Rare Opportunity to purchase this Fully Rented, Income-Producing, Low Maintenance, Two Separate Cash Flowing 4 Story Brick Buildings (8 units each). The buildings feature (14) 3-BD and (2) 2-BD Apartments all with Heat included in rent. Brand New Heat and Hot Water Tanks. Separate Electric Meters. Some Units have Granite Kitchens. Updated Exterior Lighting, Several Electrical Updates, Cameras Mounted and Installed on the Property. Basements with Functional Coin Laundry Machines. Newer Porches and Large Parking Lot. Majority of rents Under Market Value. Some tenants have Vouchers with Local Housing Agencies. This Worthwhile Opportunity gives an intelligent investor the option to either keep Long-Term tenants or Massively Increase Cashflow by Renting Short/Midterm, as well as the choice to Convert & Sell as Condos. Expected Income to Increase To $288,000 Annually.
Listed by Hayat Awadallah of Cameron Real Estate Group

Ask A Question

Do not fill in this field:

More Info

Basic Information

  • Gross Income $244,728
  • Mls StatusActive


  • Bathroom16
  • Bathrooms Total Decimal 16
  • Bedrooms46
  • Full Bath16


  • BasementFull
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Garage Spaces
  • Patio And Porch Features Porch
  • Rooms78
  • Stories9
  • Year Built1917
  • Year Built Details Actual
  • Year Built Source Public Records

Tax Information

  • Tax Assessed Value $561,300
  • Tax Year 2022
  • Taxes$21,360

Basic Information

  • List Price$1,950,000
  • MLS Number73086846
  • Modification Date05/30/2023
  • Property SubType5+ Family - 5+ Units Up/Down


  • Acreage0.14


  • Electric Expense 2880
  • Sewer Public Sewer
  • Water Source Public


  • AmenitiesPublic Transportation, Shopping, Medical Facility, Highway Access, Public School
  • Other AmenitiesBasement


  • Open Parking YN Yes
  • Parking Features Paved Drive, Paved
  • Parking Spaces14


  • Address70-74 Grenada Terrace
  • Building Number70-74
  • CountyHampden
  • StateMA
  • StreetGrenada Terrace
  • TownSpringfield
  • Zip01108

Property Information

  • Building Area Source Public Records
  • Lot Size Square Feet 6,098
  • Lot Size Units Acres


  • Buyer Agency Compensation1.75
  • Date Listed03/13/2023
  • Farm Land Area Units Square Feet
  • View Count19
Taylor Real Estate
Taylor Real Estate
Office: 413-527-3375
4 Liberty Street, Suite A
Easthampton, MA 01027

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:


Do not fill in this field: