September 27, 2018 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 18 Hamilton Avenue in Lynn, Massachusetts. The six-unit multi-family property closed at a sale price of $705,000 and a 6.41 cap rate.
The 2.5-story apartment building consists of six 1-bedroom/1-bathroom units in 4,616 rentable square feet on a 5,600 square foot lot (0.13 acres). Property amenities include off-street parking for 6 cars as well as coin-operated laundry, gas cooking, separately metered utilities and lead certifications. 18 Hamilton Avenue is well located in a densely populated residential neighborhood adjacent to downtown Lynn with convenient access to both local and regional public transportation. It is an easy 0.5-mile walk or short bus ride to the Lynn Central Square Station.
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.