August 8, 2023 – Spencer Norton of Horvath & Tremblay has arranged the sale of a multi-family property in Lowell, Massachusetts. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $780,000.
The multi-family property is located at 67-69 Newhall Street in Lowell, Massachusetts. The Property is well-located in the Back Central neighborhood in Lowell’s downtown. Built in 1900, the Property contains four (4) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and two (2), 4-Bedroom/1-Bathroom units with 3,948 square feet of living area in 6,084 gross square feet on a 0.10-acre lot. 67-69 Newhall Street is located in between Gorham Street and Lawrence Street, both of which lead directly to the city center (1.0-miles). The Property is situated on the perimeter of a residential neighborhood in Lowell’s Back Central neighborhood and is a short walk from the banks of the Concord River, and Rogers Fort Hill Park. 67-69 Newhall Street is 1.5-miles from the UMASS Lowell East Campus. The proximity to the school creates a safe environment that is closely monitored by local authorities. The Property is located approximately 0.2-miles from a Dollar Tree and 0.3-miles from a 7-Eleven, both on Gorham Street. The Property is also within walking distance of Central Plaza and downtown Lowell which offers countless restaurants and retailers. The Property is also just 1.1-miles from the Meadow Brook Center which is anchored by Target. The Location provides convenient access to the area’s major highways – Lowell Connector, Route 3 and I-495. Public transportation is also available 0.2 miles from the Property via LRTA Bus which runs along both Gorham Street and Lawrence Street and connects to Downtown Lowell and offers service throughout the city. The Lowell Commuter Rail Station, providing train service to Boston, is located 0.7-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.