109 Grover St, Springfield, MA 01104

This building has been owned by the same family since 1932. Well managed and maintained 6 family building for the last 80+ years. Senior citizen owner is retiring from the landlord business. No vacancies in the past two years, and vacancies usually fill immediately. 12% Cap Rate. All the big ticket items have been done here. Good roof, good heating/hot water system, good electrical, replacement windows, vinyl siding, and solid rear exterior stairs/porch. A rare asset to this property is that it has its own off-street parking lot for the tenants. Big plus for attracting long term, stable tenants. These are comfortable, 1000+ sq ft, 2 bedroom apartments. Most of the units have been updated to various degrees. The lowest rental amount is for a long term, 20+ year tenant. Priced at the market for a quick sale.