March 10, 2022 – Spencer Norton of Horvath & Tremblay has arranged the sale of a six-unit multi-family property in Lawrence, Massachusetts. Norton exclusively represented the seller to complete the transaction at a sale price of $937,000, $156,167 per unit.
The multi-family property is located at 202-204 Lawrence Street in Lawrence, Massachusetts. The Property contains six (6) units comprised of three (3), 4-bedroom/1-bathroom units and three (3) 3-bedroom/1-bathroom units. The Property contains 8,166 square feet of livable space in 10,936 gross square feet on a 0.10-acre corner lot. The Property features separately metered electricity, gas heat, and gas-fired hot water, which the tenants pay directly. 202-204 Lawrence Street is located 0.3-miles from two Elementary Schools and 0.6-miles from Central Catholic High School. The Property is walkable to local retail establishments, eateries and grocery stores, and parks and playgrounds. The property is only 0.7 miles from the major retail corner of Jackson and Swan Streets, which features CVS, Walgreens, and Big Lots. The location provides convenient access to the area’s major highways – MA Route 28, Interstate 93 and Interstate 495. Public transportation is also available 300 feet from the Property via MVRTA Bus stops, which run along Lawrence Street and connect to Downtown Lawrence and offer service throughout the city and the Merrimack Valley. The Lawrence Commuter Rail Station, providing train service to Boston, is located 1.5 miles from the Property.
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.