October 27, 2023 – Michael Bradley and Tom Connor of Horvath & Tremblay have arranged the sale of the Maple & School Street Portfolio, a two property fifty-five (55) 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 $3,300,000.
The Portfolio consists of two multi-family investment properties located at 462 Maple Street and 11-13 School Street in Holyoke, Massachusetts. The Portfolio consists of fifty-five (55) residential units spread over two Properties and features eleven (11) 3-Bedroom/1-Bathroom units, twenty-seven (27) 2-Bedroom/1-Bathroom units, eleven (11) 1-Bedroom/1-Bathroom units, and six (6) Studio units with 47,313 square feet of living area in 61,554 square feet of total gross area on a combined 0.618-acres of land. Both properties feature on-site parking and garage bays. The Maple & School Street 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 a few 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.