INVESTMENT HIGHLIGHTS
THE ASSET: Union & Grove Apartments is a two-building multi-family complex located at 70-72 Union Street and 17-19 Grove Street in Methuen, Massachusetts. The property has under gone significant renovations and consists of two adjacent, three-story brick apartment buildings with a total of thirty-six (36) units.
DESIRABLE UNIT MIX: Union & Grove benefit from a desirable unit mix with twenty-four (24), 2-Bedroom/1-Bathroom units, ten (10), 1-Bedroom/1-Bathroom units and two (2) studio units in 26,108 square feet of gross living area on 0.76-acres of land. The property is separately metered for electricity and features an on-site laundry facility and ample off-street parking for the tenants.
TRANSIT ORIENTED LOCATION: Union & Grove is within walking distance of Broadway (MA Route 28), the area’s primary commercial corridor offering a multitude of national and local retailers, restaurants, entertainment and also offers quick access to Interstates 93 and 495.
