NOT LISTED FOR SALE

246 Union St Springfield, MA 01105

Metro Center Neighborhood
65 Beds
64 Baths
55,280 Sq Ft
1.13 Acres

Last Sold July 19, 2024

Last sale price $5,600,000 $101 Per Sq Ft

33 Days on Market

Highlights

  • 1.13 Acre Lot
  • Wood Flooring
  • Coin Laundry
  • Property is near public transit
  • 18 Car Garage

About This Home

As of July 2024

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.

Last Agent to Sell the Property

Drew Rodman

Lock and Key Realty Inc. Listed on: 02/29/2024

Lock and Key Realty Inc.

Last Buyer's Agent

Drew Rodman

Lock and Key Realty Inc. Listed on: 02/29/2024

Lock and Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $77,362

Year Built

  • Built in 1940

Lot Details

  • 1.13 Acre Lot

Parking

  • 18 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Rubber Roof

Interior Spaces

  • 55,280 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 65 Bedrooms
  • 64 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Community Details

  • 64 Units
  • Coin Laundry

Listing and Financial Details

  • Total Actual Rent $2,700
  • Assessor Parcel Number S:11750 P:0062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$77,362

Year Built

Built in 1940

Lot Details

0

Parking

18

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1940
  • Buyer Agency: 1.0
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl, Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 65
  • Full Bathrooms: 64
  • Total Bathrooms: 64
  • Total Bathrooms: 64
  • Basement: Full
  • Living Area: 55280
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN5521
  • LIST PRICE PER Sq Ft: 103.56
  • PRICE PER Sq Ft: 101.3
  • MAIN SO: AN5521

Exterior Features

  • Foundation Details: Block
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 18
  • Covered Parking Spaces: 18
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Laundromat, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:11750 P:0062
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 1.13
  • Lot Size Area: 1.13
  • Lot Size Sq Ft: 49423
  • Lot Size Units: Acres
  • PAGE: 391
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 77362
  • Tax Book Number: 25241

Multi Family

  • Number Of Units Total: 64
  • Total Actual Rent: 2700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $5,600,000 -2.2% $101 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $5,725,000 -- $104 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Drew Rodman

    Seller's Agent in 2024

    Drew Rodman

    Lock and Key Realty Inc.

    (413) 386-3558

    3 in this area

    103 Total Sales

    Drew Rodman
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73207066

MLS Property Information Network (MLS PIN)

Massachusetts Hampden County Springfield 01105 Metro Center

246 Union St, Springfield, MA

This home is located at 246 Union St, Springfield, MA 01105 since 29 February 2024. This property was built in 1940. 246 Union St is a home located in Hampden County with nearby schools including Milton Bradley School, South End Middle School, and High School Of Commerce.

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.

MLS Property Information Network (MLS PIN) 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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