July 26, 2023 – Michael Bradley of Horvath & Tremblay has arranged the sale of a six (6) unit multi-family apartment building in South Hadley, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $515,000.
The multi-family apartment building is located at 11 Pleasant Street in South Hadley, Massachusetts. The Property consists of a three-story building containing six (6), 2-Bedroom/1-Bathroom units with 4,368 square feet of living area, in 7,280 square feet of gross area, on a 0.15-acre parcel. The Property also features a newer roof that was installed approximately 5-years ago. The Property is located on the corner of Pleasant Street and Grant Street, just behind the South Hadley Town Hall. The strategic location is 0.4-miles from US Route 202 (Purple Heart Drive), one of the area’s primary commercial and commuter corridors and is within walking distance of area retailers, and downtown Holyoke. The Property benefits from excellent highway access and is approximately 3-miles from Interstates 91 and 391, and US Route 5. Interstate 91 provides access to Interstate 90 and Interstate 391 and US Route 202 both go into downtown Holyoke. The Holyoke Train station is 1.1- miles from the Property and offers service on the Valley Flyer and Vermonter routes; the Valley Flyer runs between New Haven, CT and Greenfield, MA, and the Vermonter travels between St. Albans, VT and Washington, DC. 11 Pleasant Street is also just 1.3-miles from the Holyoke Transportation Center, which offers eight (8) bus routes serviced by the Pioneer Valley Transit Authority (PVTA), and also serves as a Peter Pan and Greyhound bus station.
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.