Max Perez Acquires Multifamily Property At 48 Cedar Street From Audley Jones For $1M

The asset involved in this transaction is a six-unit multifamily investment property located at 48 Cedar Street, Lawrence, MA. The sale was finalized for $1,000,000, which translates to a price per unit of $166,666. The total square footage of the property is 3,528, equating to a price per square foot of $283.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 6
• Square Footage: 3,528
• Price Per Unit: $166,666
• Price Per Square Foot: $283
• Buyer: Max Perez
• Seller: Audley Jones
• Broker: Michael Alvarez - Alvarez Real Estate Group

Michael Alvarez from Alvarez Real Estate Group successfully represented the seller, Audley Jones, while also procuring the buyer, Max Perez, in this transaction involving the multifamily property at 48 Cedar Street.