September 10, 2024 – Spencer Norton and Spencer Smith of Horvath & Tremblay have successfully completed the sale of a 4-unit Multi-family property in North Chelmsford, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,250,000. This represents a price of $315,500 per unit.
12-14 Newfield Street is a multi-family building in North Chelmsford, Massachusetts. The Property is well-located in the heart of North Chelmsford. Built in 1900, the Property contains four (4) residential units comprised of three (3), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/2-Bathroom unit with 4,296 square feet of living area in 6,648 gross square feet on a 0.28-acre lot. The Property features a private, fenced-in back yard with ample green space, an on-site laundry facility, and ample on-site parking for residents. The building is well located in the heart of North Chelmsford, a quiet community that is approximately 4-miles from Downtown Lowell. Positioned along a tree lined residential street, the Property is 0.2-miles from the intersection of Groton Road (MA Route 40) and Tyngsboro Road (MA Route 3A) and is 1.2-miles from US Route 3. Additionally, the Property enjoys convenient access to several area schools, local and national retailers, area businesses, Downtown Lowell, the Lowell Train Station, and UMass Lowell. Lowell is a vibrant city of 111,000 residents, making it the second largest city in the Boston MSA, and home to UMass Lowell, the second largest public university in the state which has an enrollment in excess of 18,000 students. The area is also home to Middlesex Community College which has an enrollment of 13,000 students.
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.