–Leading investment sales firm represents the seller and procures the buyer for the multifamily property in Methuen, Massachusetts–
Newton, MA (August 16, 2022)– Northeast Private Client Group® (NEPCG) has announced the sale of Lowell Street Apartments in Methuen, Massachusetts. Investment Associate Brad Carlson, Senior Associate Drew Kirkland, and Associate Brett Curtis; represented the seller and procured the buyer for the multifamily transaction.
80 Lowell Street, located in Methuen, Massachusetts, sold for $2,505,000. With a price of $208,750 per unit, this was a record-breaking sale in the area for this style of building. A 1970 construction, seven units of the 9,399 SF garden-style apartment property underwent recent renovations in 2020. The brick building consists of 11 two-bedroom and (1) one-bedroom units. The property has ample off-street parking for all tenants, with a total of (14) spots.
“Due to this property’s location, updated modern looking apartments, and rent growth in the area, there was a lot of demand for this asset. It was a pleasure working with both the buyer and seller to ensure a smooth closing in less than 60 days.” – Brad Carlson, Investment 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.