Newton, MA– Northeast Private Client Group announce the sale of the Walnut, Pine, Lyman & Appleton Apartment Portfolio in Holyoke, MA.
Northeast Private Client Group Vice President, Investments Taylor Perun, Investment Associate Alex Burr, and Associate Cameron Formica represented the seller and procured the buyer for these multifamily transactions.
The Walnut & Pine Apartment Portfolio consists of two buildings conveniently located across the street from one another, presenting an exceptional investment opportunity.
The Walnut Street building features 20 units, including a mix of four (4), one-bedroom, six (6), two-bedroom, and ten (10) three-bedroom units. Meanwhile, the Pine Street building offers 22 units, comprised of four (4) one-bedroom, 11 two-bedroom, and seven (7) three-bedroom units.
Lyman & Appleton Apartment Portfolio comprises 35 apartment units and three (3) retail suites. This portfolio is spread across three buildings.
212-214 Lyman Street & 56 Elm Street is made up of 15 – two-bedrooms and three (3) – three-bedrooms, catering to a wide range of renters. In addition, two (2) currently lease retail suites ensure a steady income stream.
224-226 Lyman Street included 11 – two-bedroom apartments and one (1) currently leased retail suite.
340 Appleton Street included (1) one-bedroom and five (5) two-bedroom apartments and off-street parking at this location.
“Holyoke continues to draw interest from local and out-of-state investors, primarily because of the strong rental growth and demand for housing within the city. Investors have gravitated to this community as an alternative to the greater Hartford/Springfield market since Holyoke has matured behind other markets. This portfolio is an incredible opportunity for the value-add investor. The city has seen an influx of new investment and business that are improving many neighborhoods,” said Mr. Perun.
