–Leading investment sales firm represents the sellers and procures the buyers for the mixed-use apartment building in Lawrence, Massachusetts–
Newton, MA (MAY 17, 2023) –Northeast Private Client Group® (NEPCG) has announced the sale of Appleton Street Apartments in Lawrence, Massachusetts. Senior Associates Brad Carlson, Drew Kirkland, Francis Saenz, Jim Casey, and Brett Curtis represented the seller and procured the buyer for the $4,585,000 transaction.
The apartment building sold for $4,585,000 across 21 units at a price of $218,333 per unit. The property includes three (3) ground-floor retail and 18 residential apartments. The unit mix is three (3) one-bedrooms, 12 two-bedrooms, and three (3) three-bedroom units. Located in downtown Lawrence close to public transportation and 0.7 miles from the Lawrence MBTA commuter rail station, the building was completely gutted and rehabbed in 2021; and now features brand new electrical, roof, windows, plumbing, HVAC, and security system. All units consist of white quartz countertops, stainless steel appliances, and modern finishes.
“Through our network of qualified buyers, we were able to close this transaction within 60 days of listing the property for sale. The quality and location of the asset made it extremely attractive to prospective purchasers. Congrats to both the seller and buyer on a smooth transaction..”– Brad Carlson, Senior Associate
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.