246-262 Union St

55,280 Sq. Ft.
$101 / Sq. Ft.
55,280
Sq. Ft.
$101
per Sq. Ft.

Description

Welcome to 246-262 Union Street, where an exceptional investment opportunity awaits. Presenting a meticulously maintained 64-unit apartment building. This property promises not only a lucrative return on investment but also a chance to be a part of the thriving real estate market in this vibrant city. The owner has spared no expense in updating many of the units within the building, ensuring modern amenities and comforts for residents. From refreshed interiors to upgraded fixtures, these units offer...Welcome to 246-262 Union Street, where an exceptional investment opportunity awaits. Presenting a meticulously maintained 64-unit apartment building. This property promises not only a lucrative return on investment but also a chance to be a part of the thriving real estate market in this vibrant city. The owner has spared no expense in updating many of the units within the building, ensuring modern amenities and comforts for residents. From refreshed interiors to upgraded fixtures, these units offer contemporary living spaces that cater to the needs of tenants. This building consists of (19) studios, (25) 1 bedrooms, and (20) 2 bedroom apartments as well as 18 garage spaces. With its updated units, diverse unit mix, and convenient amenities, this 64-unit apartment building presents an excellent investment opportunity with multiple avenues for revenue generation.
  1. Listed by Andrew Rodman • Lock and Key Realty Inc.

Property Details for 246-262 Union Street

Town
Springfield
Area
MA-Springfield
Garage Spaces
18
Open Parking Spaces
4.00
Parking Spaces Total
4
LISTING CLOSED: 07/19/2024 12:00 AM

Property Details for 246-262 Union Street

StatusSold
MLS #73207066
Days on Market34
Taxes$77,362 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1940
CountyHampden County

Location

Listing Courtesy of Lock and Key Realty Inc., Andrew Rodman

Sold By Lock and Key Realty Inc., Andrew Rodman

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Building Information for 246-262 Union Street

Stories3Residences64Year Built1940Building Size-Lot Size1.13 AC / 49,423 SF

Payment Calculator

$34,911 per month

30 year fixed, 6.55% Interest

Principal and Interest

$28,464

Property Taxes

$6,447

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 246-262 Union Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Laundromat, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 55280.0
  • SqFt with Basement: No
  • Total Units: 64
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 64.0
  • Num of Full Baths: 64
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 64.00
  • Bathrooms Total Integer: 64
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Hardwood
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: 18.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Member of ownership entity is a licensed real estate salesperson
Tax Information
  • Tax ID: S:11750 P:0062
  • Assessments: $3,404,600
  • Book: 25241
  • Tax Year: 2023
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 65
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Block
Income / Expenses
  • Annual Expenses Source: Owner, Pro. Forma Available
  • GOI: $.00
  • NOI: $.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $2,700.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.0
  • Other Agent Compensation: 0

Property History for 246-262 Union Street

DateEvent & SourcePriceAppreciation
Jul 19, 2024

Sold

MLS PIN #73207066

$5,600,000
Apr 3, 2024

Under Agreement

MLS PIN #73207066

Apr 3, 2024

Contingent

MLS PIN #73207066

DateEvent & SourcePrice
07/19/2024

Sold

MLS PIN #73207066

$5,600,000
04/03/2024

Under Agreement

MLS PIN #73207066

04/03/2024

Contingent

MLS PIN #73207066

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 246-262 Union Street

This home is within Springfield School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Milton Bradley School
PublicPK to 5

South End Middle School
Public6 to 8

Putnam Vocational Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lock and Key Realty Inc., Andrew Rodman

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.