August 25, 2023 – Michael Bradley of Horvath & Tremblay has arranged the sale of a sixteen (16) 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 $1,062,500.
The multi-family apartment building is located at 948 Dwight Street in Holyoke, Massachusetts. The four-story, brick building contains sixteen (16) one-bedroom/1-bathroom units with 10,608 square feet of living area in 13,260 square feet of total gross area on a 0.11-acre parcel. The Property also features ten (10) on-site parking spaces, a newer dual-boiler heating system, newer hot water heater, an on-site security camera system, and a roof that is less than 10 years old. The Property is located on the corner of Dwight Street and Whiting Avenue on the periphery of downtown Holyoke. The strategic location is one block from US Route 202 (Linden Street) and is within walking distance of area retailers (Stop & Shop, Walgreens, Dollar Tree and Dunkin’), downtown Holyoke, and the Holyoke Train Station. Additionally, the Property provides convenient access to US Route 5 and Interstates 91 and 391. 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.