November 1, 2019 – Spencer Norton of Horvath & Tremblay has successfully completed the sale of 46-48 Kent Street in Lawrence, Ma for $520,000. The 4-unit multi-family sold at a price per unit of $130,000 and at a 5.58% cap rate.
46-48 Kent Street, a value-add 4-unit apartment building, is exceptionally well-located on a residential side-street in the high-density neighborhood of South Lawrence. The building contains 8 bedrooms and 4 bathrooms in 4,248 square feet of living space on a 0.11-acre lot. The location provides walkable access to a multitude of shopping, dining, public transportation options and outdoor space. The neighborhood also features convenient access to interstate-495, The McGovern Transportation Center (bus and commuter train to Boston), Lawrence High School, Performing and Fine Arts High School, Health and Human Services High School, and South Lawrence Middle School. Means of transportation in immediate area include I-495 just 0.5 miles from the property, commuter train 1.1 miles, and bus station also within 1-mile.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.