Máximo Duarte Purchases 29 Hanover Street Multifamily In Lynn Massachusetts For $1.45M With Brian Martinez As The Broker

29 Hanover Street, located in Lynn, MA, is a multifamily property consisting of six units. The asset was sold for $1,450,000 and offers a total of 6,300 square feet, with a price per unit of $241,666 and a price per square foot of $230. It includes five two-bedroom units and one three-bedroom unit, presenting a value-add opportunity within the local rental market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Units: 6
• Price Per Unit: $241,666
• Square Footage: 6,300
• Price Per Square Foot: $230
• Buyer: Máximo Duarte
• Seller: Emanuel Argiros
• Broker: Brian Martinez - Com-Pro Real Estate Services

Brian Martinez of Com-Pro Real Estate Services successfully facilitated this transaction, representing the broker's interests in the sale. The deal highlights the strong positioning of the property in a supply-constrained rental market, which can lead to potential income growth through rent increases.