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

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SOLD
$1,150,000

Massachusetts

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MultiFamily4,620 SF
Sold 06/14/2024
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Property Image
SOLD

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

35-37 Falmouth Street

See Similar Deals
MultiFamily4,620 SF
Sold 06/14/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$248
Total Square Footage:4,620 SF
Transaction Type:Sale

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.

Players

Israel "Izzy" Reyes
2 deals$5.4M volume
BROKER

Jack Mantville
J. Borstell Real Estate
2 deals$2.4M volume(978) 319-5496
BROKER

Details

SOLD
IMAGE: Israel "Izzy" Reyes & Jack Mantville DATE: 06/14/2024 ADDRESS: 35-37 Falmouth Street MARKET: Lawrence, MA ASSET TYPE: Multifamily BUYER'S REP: Israel "Izzy" Reyes - Hancock Realty Group SELLER'S REP: Jack Mantville (@JMantville) - J. Borstell Real Estate (@JBorstellRealEstate) SALE PRICE: $1,150,000 UNITS: 6 ~ PPU: $191,667 SF: 4,620 ~ PPSF: $249 NOTE: A Lawrence, MA 6-unit building sold for $1.15M. The fully or partially renovated property offers 2-bed, 1-bath units with high rental demand, off-street parking, and proximity to I-495 and public transit.

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