Israel Izzy Reyes Acquires Multifamily Property In Lawrence For $1.15M

A multifamily property located at 35-37 Falmouth Street in Lawrence, MA, was recently sold for $1,150,000. This 6-unit building spans 4,620 square feet and offers 2-bedroom, 1-bathroom units. With a price per unit of $191,667 and a price per square foot of $249, the property boasts features like high rental demand, off-street parking, and a convenient location near I-495 and public transit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,150,000
• Units: 6
• Price per Unit: $191,667
• Square Footage: 4,620
• Price per Square Foot: $249
• Address: 35-37 Falmouth Street, Lawrence, MA
• Maket: Lawrence, MA

The buyer's representative for this transaction was Israel "Izzy" Reyes from Hancock Realty Group, while the seller's representative was Jack Mantville from J. Borstell Real Estate. The property's sale highlights the demand for well-maintained multifamily units in Lawrence, MA, and the importance of location and amenities in real estate transactions.