May 4, 2022 – Spencer Norton and Dennis Kelleher of Horvath & Tremblay has arranged the sale of a multi-family property in Lowell, Massachusetts. Norton and Kelleher exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $805,000.
The property is located at 317 Nesmith Street in Lowell, Massachusetts. Built in 1920, 317 Nesmith Street contains 5-units made up of four (4) 1-bedroom/1-bathroom units and one (1) 3-bedroom/2-bathroom unit. The Property contains 3,131 square feet of livable space in 3,777 gross square feet on a 0.06-acre lot with an on-site laundry facility. 317 Nesmith Street is located a few blocks away from Moody Elementary School and seconds from Rogers Street, which leads directly to the city center (1.25-miles). The Property is situated in a residential neighborhood in Lowell’s eastern quadrant and is a short walk from the banks of the Concord River, Rogers Fort Hill Park, and Donahue Park. 317 Nesmith Street is 1.9-miles from the UMASS Lowell East Campus. The proximity to the school creates a safe environment that is closely monitored by local authorities. The Location provides convenient access to the area’s major highways – Lowell Connector, Route 3 and I-495. Public transportation is also available 0.1 miles from the Property via LRTA Bus, which runs along both Nesmith Street and Rogers Street and connects to Downtown Lowell and offers service throughout the city. The Lowell Commuter Rail Station, providing train service to Boston, is located 1.4-miles from the Property.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.