SoldApr 24, 2020

Listed by Pablo Ottenwalder

Bought with Sohrab Khan from Boston Trust Realty Group

Source: MLS Property Information Network Inc #72570669

70 Grenada Terrace, Springfield, MA, 01108

$1,130,000

46
16
10
3760 sq. ft.
12014 sq. ft.

Other

Sold: Apr 24, 2020

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About this property

14 -3 Br units and 2 2br untis with heat and hot water included in rent. 10 units recently updated, All have lead letters of compliance, Some units with Granite kitchens, Updated heat and hot water included in the rent. Updated exterior lighting, Newer porches, Several electrical updates, Rent roll leaves upside for new owner, Current owner looking to invest closer to home in Eastern MA, Upside in rents (Market is $1200 for 3BR and $1000 for 2BR), Brand new heating system completely redone 2014 Porches - 2014., $80K invested in early 2019 to renovated and update units/buildings, Cameras mounted and installed on property Has basement with functional laundry machines ready for use to act as additional revenue source. Potential of $400/month additional revenue Existing management familiar with building for easy/smooth takeover

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