September 3, 2021 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of a six (6) unit multi-family property in Lynn, Massachusetts. Horvath & Tremblay represented both the buyer and seller for the transaction at a sale price of $1,289,000.
53 Arlington Street in Lynn, Massachusetts sold for $1,289,000. The property is improved by a three-story, multi-family building containing a total of six (6) 2-Bedroom/1-Bathroom units in 5,712 square feet of living area (7,808 square feet of gross area), on a 0.109-acre parcel. The property includes on-site parking for two (2) vehicles. The units feature recently renovated and upgraded kitchens with granite countertops and gas stoves. The property is separately metered for electricity, which the tenants pay, and the Landlord pays for heat and hot water. The Property is just 0.9-miles from the Central Square Commuter Rail Station. The property is well-located in a densely populated residential neighborhood adjacent to Downtown Lynn. The Property is situated just outside of Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment, and public transportation (bus and rail). The Property is approximately 11 miles from Downtown Boston.
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.