September 13, 2022 – Michael Bradley and Tom Connor of Horvath & Tremblay have arranged the sale of a six (6) unit multi-family apartment building in Holyoke, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $482,500.
The multi-family apartment building is located at 1475 Dwight Street in Holyoke, Massachusetts. The three-story, brick building contains six (6) units, consisting of five (5) 3-Bedroom/1-Bathroom units and one (1) 2-Bedroom/1-Bathroom units with 6,384 square feet of living area in 8,512 square feet of total gross area on a 0.13-acre parcel. Capital improvements include a complete overhaul of the common hallway, repointed brick and renovated units. The Property includes two on-site parking spaces for tenants as well as separately metered electric, which the tenants pay directly. 1475 Dwight Street is situated at the edge of downtown Holyoke, offering convenient access to an array of “downtown” amenities, including shopping, dining, entertainment and services. Highlights include the historic Holyoke Merry-Go-Round, the Children’s Museum at Holyoke, and several outdoor parks. The Property is 3.2 miles from the Holyoke Mall, the third largest shopping mall in New England with over 1.6 million square feet of retail space featuring an extensive lineup of national retailers, restaurants, and amenities. Downtown Springfield is 9 miles to the south and features major attractions including the MGM Casino and the MassMutual Center, as well as a number of employment opportunities and proximity to area colleges and universities.
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.