November 16, 2022 – Michael Bradley and Tom Connor of Horvath & Tremblay have arranged the sale of the Elm & Sargeant Portfolio, a two property twenty-eight (28) unit multi-family portfolio in Holyoke, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,025,000.
The Portfolio consists of two multi-family investment properties located at 116-124 Sargeant Street and 263 Elm Street in Holyoke, Massachusetts. The Portfolio consists of twenty-eight (28) total units, comprised of one (1) studio unit, four (4) 1-Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 3-Bedroom/1-Bathroom units and one (1) retail unit with 25,838 square feet of living area, in 33,717 square feet of gross area, on a combined 0.27-acres of land. 15 Units have been renovated with new cabinets, flooring, and paint. The Elm & Sargeant Portfolio is situated in 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 Elm & Sargeant Portfolio also benefits from close proximity to the Holyoke Transportation Center and the Holyoke Amtrak Station and has excellent access to Interstates 91 and 391, and US Routes 5 and 202. Additionally, the Property is 3 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.