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.
Sold
$5,600,000
246-246 Union St #262, Springfield, MA 01105
65beds
55,280sqft
5+ Family - 5+ Units Up/Down
Built in 1940
-- sqft lot
$-- Zestimate®
$101/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 19, 2024 at 06:24pm
Listed by:
Andrew Rodman,
Lock and Key Realty Inc.
Bought with:
Andrew Rodman
Lock and Key Realty Inc.
Source: MLS PIN,MLS#: 73207066
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 65
- Bathrooms: 64
- Full bathrooms: 64
Features
- Flooring: Vinyl, Hardwood
- Windows: Insulated Windows
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 55,280
- Total interior livable area: 55,280 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street
- Garage spaces: 18
- Has uncovered spaces: Yes
Lot
- Size: 1.13 Acres
Details
- Parcel number: S:11750 P:0062
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Block
- Roof: Rubber
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven
Community & neighborhood
Community
- Community features: Public Transportation, Laundromat, Public School
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 2700