H
Seller's Agent in 2025
Hayat Awad
Cameron Real Estate Group
(978) 228-9477
2 in this area
16 Total Sales
70 Grenada Terrace Springfield, MA 01108
Forest Park Neighborhood
46
Beds
16
Baths
12,020
Sq Ft
6,098
Sq Ft Lot
Highlights
- Medical Services
- Porch
- Shops
- Property is near public transit
About This Home
As of March 2025Investor'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
Home Type
- Multi-Family
Est. Annual Taxes
- $21,360
Year Built
- Built in 1917
Home Design
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 46 Bedrooms
- 16 Full Bathrooms
Parking
- 16 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Basement Fills Entire Space Under The House
- Porch
- 6,098 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $23,800
Community Details
Overview
- 16 Units
- 7-Story Property
Amenities
- Medical Services
- Shops
Building Details
- Electric Expense $2,880
- Insurance Expense $13,800
- Water Sewer Expense $20,628
- Operating Expense $106,956
- Net Operating Income $178,644
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | Sold | $1,980,000 | -5.7% | $165 / Sq Ft |
| 11/09/2024 11/09/24 | Pending | -- | -- | -- |
| 09/27/2024 09/27/24 | For Sale | $2,099,000 | +35.4% | $175 / Sq Ft |
| 04/19/2022 04/19/22 | Sold | $1,550,000 | 0.0% | $129 / Sq Ft |
| 03/04/2022 03/04/22 | Pending | -- | -- | -- |
| 03/03/2022 03/03/22 | For Sale | $1,550,000 | +37.2% | $129 / Sq Ft |
| 04/24/2020 04/24/20 | Sold | $1,130,000 | -1.7% | $301 / Sq Ft |
| 01/06/2020 01/06/20 | Pending | -- | -- | -- |
| 12/19/2019 12/19/19 | Price Changed | $1,150,000 | -2.1% | $306 / Sq Ft |
| 11/06/2019 11/06/19 | Price Changed | $1,175,000 | -2.1% | $313 / Sq Ft |
| 09/25/2019 09/25/19 | For Sale | $1,200,000 | -- | $319 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Hayat Awad
-
Shirin KokoBaeva
S
Buyer's Agent in 2025
Shirin KokoBaeva
Leverage Real Estate Group
(617) 871-9750
2 in this area
17 Total Sales
-
Sohrab Khan
S
Seller's Agent in 2022
Sohrab Khan
MIG
(617) 678-6843
3 in this area
32 Total Sales
-
Pablo Ottenwalder
Seller's Agent in 2020
Pablo Ottenwalder
Premier Choice Realty, Inc.
(305) 851-1979
4 in this area
50 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73295892
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, 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. 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, or as to the accuracy of any of the Images, set forth herein.
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