Spring Meadows Apartments 23 Prince St Immeuble residentiel 22 lots 8 273 075 € (376 049 €/Lot) Taux de capitalisation 5,90 % Danvers, MA 01923

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Spring Meadows, a multi-family investment property located at 23 Prince Street in Danvers, Massachusetts (the “Property”). Situated in a highly accessible location off US Route 1 and Interstate 95, Spring Meadows is convenient to area schools (less than 0.5 miles from Highlands Elementary School), restaurants and bars, area shopping, entertainment venues and is less than 2 miles from the heart of downtown Danvers. Spring Meadows consists of three (3) buildings and contains a total of twenty-two (22) units, comprised entirely of 3+Bedroom/1.5-Bathroom direct entry townhouse units with 41,680 square feet of gross leasable area in 55,324 square feet of total gross area on a large 11.91-acre parcel. The Property has been well-maintained by current ownership and features ample off-street parking with forty-six (46) spaces and separate utilities with HVAC systems throughout and laundry hookups in each unit. Large units (approximately 2,000 square feet) offer spacious layouts with finished walkout basements and many units have been renovated with granite countertops and stainless-steel appliances. The Property offers upside through programmatic upgrades to the unrenovated units and by implementing additional improvements to modernize finishes and fixtures in the renovated units. Spring Meadows offers the opportunity to acquire a well-maintained investment property with upside in a desirable North Shore location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. Danvers’ future is bright, thanks to continued commercial and infrastructure development in Danvers and the surrounding areas.