November 17, 2023 – Spencer Norton, John Pentore and Dennis Kelleher of Horvath & Tremblay have arranged the sale of two adjacent multi-family properties in Lawrence, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $931,000.
The multi-family properties are located at 20-22 and 24-28 Holly Street in Lawrence, Massachusetts. The two adjacent parcels are improved by three buildings and contain a total of five (5) units comprised of three (3) 4-Bedroom/1-Bathroom units, one (1), 4-Bedroom/2-Bathroom unit, and one (1) 2-Bedroom/1-Bathroom unit with 6,132 square feet of living area in 10,878 gross square feet on a combined 0.20-acres of land (two adjacent parcels). The Property also has a detached three-car garage and additional off-street surface parking. 20-22 & 24-28 Holly Street is well positioned on the north-side of Lawrence and is within walking distance of the town green and several area schools. The Property is 500 feet from Broadway (MA Route 28), one of the area’s primary commercial and commuter corridors and is walkable to local retail establishments, eateries, grocery stores, and parks and playgrounds. The Property offers convenient access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (1.5-miles). Lawrence benefits from a solid transportation infrastructure and proximity to Boston (25 miles from Downtown), the largest city in New England.
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.