June 28, 2022 – Dennis Kelleher, John Pentore and Spencer Norton of Horvath & Tremblay have arranged the sale of a twelve-unit multi-family property in Lawrence, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,675,000.
The multi-family property is located at 29-33 Brook Street in Lawrence, Massachusetts. The Property is well-located in a densely populated residential neighborhood in the heart of Lawrence. Built in 1920, the Property contains two, three-story buildings consisting of twelve (12) 2-Bedroom/1-Bathroom units in 10,950 square feet of living area in 15,084 gross square feet on a 0.15-acre lot. The Property is 1.1-miles from Broadway (MA Route 28), which is the primary commercial corridor running through Lawrence center offering additional shops, restaurants and services. The Property is located less than 0.3 miles from several local food stores and a short 10-minute walk from the Downtown Lawrence Historic District, which features one of the city’s largest public parks, civic buildings, brick commercial buildings and a number of retail and dining options. The Property is just 0.5 miles from Lawrence General Hospital and 1.3-miles from Holy Family Hospital – Methuen. Additionally, Broadway (MA Route 28) The Location provides convenient access to the area’s major highways – MA Route 28, Interstate 93, and Interstate 495. Public transportation is also available via MVRTA Bus stops 0.2 miles from the Property on Newbury Street and 0.3 miles away on Jackson Street, which connect to Downtown Lawrence and offer service throughout the city and the Merrimack Valley. The Lawrence Commuter Rail Station, providing train service to Boston, is located 0.8 miles from the Property.
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.