December 15, 2023 – Spencer Norton of Horvath & Tremblay has arranged the sale of a six-unit multi-family property in Lawrence, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $865,000.
The multi-family property is located at 292-294 Ames Street in Lawrence, Massachusetts. The Property contains a total of six (6) units comprised of three (3) 2-Bedroom/1-Bathroom units, two (2), 1-Bedroom/1-Bathroom units, and one (1) 1-Bedroom (Plus)/1-Bathroom unit with 5,485 square feet of living area in 9,278 gross square feet on a 0.14-acre corner parcel of land. The Property is well located on a corner lot in a quiet residential neighborhood. The building has been well maintained and features an on-site tandem parking space for residents and low maintenance vinyl siding. The Property is located in a residential urban infill area, with walkable amenities including local restaurants, retailers, and grocery stores. National brands are also represented by Market Basket, Walgreens, McDonald’s, Wendy’s, 7-Eleven, and Dunkin’, all of which are within 1-mile of the Property. The location also provides easy access to Interstate 93 and MA Route 28, and Interstate 495 which is 2.5-miles away. The Property is 2-miles from the Lawrence Train Station with service to Boston on the MBTA’s Haverhill Line. 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.