Andrew Rodman Of Lock & Key Realty Brokers Sale Of 64-Unit Springfield Multifamily For $5.6M

The property involved in this transaction is a multifamily asset located at 246-262 Union Street in Springfield, MA. The sale price for this asset is $5,600,000. The property comprises 64 units, with a price per unit of $87,500. The total square footage of the property is 5,600,000, which translates to a price per square foot of $1. The building includes a mix of 19 studios, 25 one-bedroom units, and 20 two-bedroom units, along with 18 garage spaces.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,600,000
• Units: 64
• Price Per Unit: $87,500
• Square Feet: 5,600,000
• Price Per Square Foot: $1
• Broker: Andrew Rodman - Lock & Key Realty

Andrew Rodman from Lock & Key Realty represented the transaction, facilitating the deal for the seller in this multifamily property sale. The property features updated interiors and amenities, contributing to its status as an attractive investment in a thriving market.