Lawrence, MA Arrowpoint Properties has sold 120 Howard St. The property was purchased in 2017 for $950,000 and was sold off-market to a local owner for $2.01 million ($167,500 per unit). Arrowpoint purchased the property completely vacant and immediately made renovations to all 12 units over the course of six months. The building is comprised of 11 two-beds/one-bath and one one-bed/one-bath unit. There is off-street parking for each unit and common laundry in the building. The property is also conveniently located off Rte. 495 and less than 1 mile to Lawrence General Hospital.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and