November 29, 2022 – Michael Bradley and Ryan Benton of Horvath & Tremblay have arranged the sale of a sixteen (16) unit multi-family property in Holyoke, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,465,000.
The property is located at 101-105 Elm Street in Holyoke, Massachusetts. The Property consists of two, adjacent brick buildings containing sixteen (16) total units, comprised of fourteen (14), 3-Bedroom/1-Bathroom units and two (2), 2-Bedroom/1-Bathroom units in 20,332 square feet of gross living area, in 27,132 square feet of gross area, on a 0.278-acre parcel. 101 Elm features renovations to most of the bathrooms as well as kitchen updates in all of the units. 105 Elm has a brand-new boiler and newer hot water tank circulator as well as coin-operated laundry in the basement. The Property includes on-site parking for tenants. 101-105 Elm Street 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 Property is 3.5 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.