Spencer Norton Of Horvath & Tremblay Brokers $2.525M Sale Of Mixed-Use And MultiFamily Properties

The sale involved two properties located at 100 Elm Street and 146 Middlesex Street in North Andover, MA. The combined sale price for these mixed-use and multifamily assets was $2,525,000. The first property, 100 Elm Street, is a five-unit mixed-use property sold for $1,225,000. The second property, 146 Middlesex Street, is a four-unit residential property that sold for $1,300,000. These properties are situated near downtown Lawrence, MA, offering updated units and potential for value enhancement, while being close to transportation and local amenities.

Summary of transaction details:

• Property Type: Mixed-use & MultiFamily
• Transaction Amount: $2,525,000
• Units: 9
• Price Per Unit: $280,556
• Broker: Spencer Norton - Horvath & Tremblay

Spencer Norton of Horvath & Tremblay represented the sale of both properties. The transaction highlights the collaboration between the broker and the involved parties, showcasing the expertise in handling mixed-use and multifamily properties. The deal provides an indication of the active real estate market in the area, underlining the demand for such assets near key amenities.