Springfield, MA70-74 Grenada Terrace
Price$1,950,000
Est. Mortgage: $/month
MLS Number 73086846
- MultiFamily
- Bedrooms 46
- Bathroom 16
- Parking Spaces 12
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