February 16, 2021 – Spencer Norton of Horvath & Tremblay has arranged the sale of a multi-family property in Lowell, Massachusetts. Norton exclusively represented the seller to complete the transaction at a sale price of $700,000.
The mixed-use property is located at 368 Chelmsford Street in Lowell, Massachusetts. The property contains 6-units made up of four (4), 2-bedroom/1-bathroom units and two (2) 3-bedroom/1-bathroom units. The property contains 4,743 square feet of livable space in 6,879 gross square feet on a 0.13-acre lot. The Property features separately metered electricity, gas heat, and gas-fired hot water which the tenants pay, vinyl siding and a new roof. Additionally, the property has twelve (12) off-street parking spaces. 368 Chelmsford Street is located one-block away from Lincoln Elementary School along MA Route 110, which leads directly to the center of the city. The Property is surrounded by retail and residential properties, with easy access to the Lowell Train Station, downtown, area highways, and ample shopping and dining options. The proximity to the school creates a safe environment that is closely monitored by local authorities.
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.