April 3, 2023 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 62 Lowell Street in Peabody, Massachusetts. Girolamo represented the seller and procured the buyer to close the property at a sale price of $1,150,000.
62 Lowell Street is two-story multi-family property in Peabody, Massachusetts that contains five (5) residential units consisting of three (3), 1-Bedroom/1-Bathroom units and two (2), 2-Bedroom/1-Bathroom units with 3,942 square feet of total gross area on 0.09-acre parcel of land. The Property also features on-site parking. The Property is well-located at the intersection of School Street and Lowell Street 0.2-miles from the area’s commercial center. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities and is less than 2-miles from the Salem Hospital and Northshore Mall. The Property is located just minutes Interstate 95, the Yankee Division Highway, US Route 1 and MA Routes 107 and 114. MBTA bus route 435 stops near the Property, providing convenient local access throughout the North Shore. Commuter Rail Service to Boston is available 2-miles from the Property at the Salem Train & Bus Station.
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.