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Press Release: Lefebvre of Elm Grove Realty sells 40-unit apartment complex - $5.45M

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FOR IMMEDIATE RELEASE

WESTFIELD, MA 

Matthew Lefebvre of The Lefebvre Team at Elm Grove Realty, based in Manchester, NH sold 200 Southwick Rd.,; a 40-unit apartment complex in Westfield, MA also known as Oakwood Terrace, for $5.45M. Lefebvre represented the sellers of the property, 2nd Oakwood Terrace, LLC. The buyer of the property was Concrete Ventures, LLC, represented by Gary Witten of Marcus & Millichap.

Oakwood Terrace is a +/-34,188 SF property consisting of 39 two-bedroom townhouse-style apartments, and 1 three-bedroom townhouse-style apartment. Over the course of three years, the sellers repositioned the property with substantial capital improvements including remodeling and upgrading all 40 apartments, installing new siding, installing new heating systems, adding additional amenities to the property, and more.

#InvestingTipTuesday: When Should I Buy?

Hello everyone!

We're back with an all new #InvestingTipTuesday here on the blog. Today, I want to talk about the conversation that many realtors have probably had, whether it comes up in casual conversations or at social gatherings and parties, and that conversation is: "How's the market [...]

#InvestingTipTuesday: Exit Strategies

Hello everyone, welcome to this week's #InvestingTipTuesday!

A couple months back, I gave a virtual presentation to the New Hampshire Real Estate Investors Association about my first real estate deal--not the first deal that I brokered, but the first properties that I bought. I ended up buying a duplex and a 4-unit in Concord, NH, and I [...]

#InvestingTipTuesday: Investing In Other Classes of Real Estate

Hello everyone!

Today I want to talk about investing in different types of asset classes. A lot of what we've talked about in our #InvestingTipTuesday series both on social media, and here on the blog, has been relating to multifamily investment, but I wanted to bring up the different types of investments you can get into, because [...]

What Are Your Goals?

Hey all,

Today, I want to take a break from tips and talk about goals, and what the purpose of investing in real estate is.

Everybody has their own reason for why they're investing in real estate, so that purpose is different for different people.

Some people do it to subsidize their living costs, by purchasing that first duplex where they [...]

#InvestingTipTuesday: Improving Your Exterior to Increase Marketability

It’s Tuesday, so you know what that means--it’s time for #InvestingTipTuesday!

 

Something I’ve realized recently is that going on a first date is kind of like investing in real estate. When you go on a first date, you want to make sure that the first impression is really there. The same is true for when you’re trying to invest in a [...]

Press Release: Lefebvre of Elm Grove Realty leases +/- 9,751 SF to Gatehouse Treatment in Nashua, NH

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NASHUA, NH Matthew Lefebvre of Elm Grove Realty in Manchester, NH recently brokered a deal at 155 Main Dunstable Rd. in Nashua, NH representing the landlord, leasing +/- 9,751 SF to Gatehouse Treatment. The cooperating broker, representing the tenant, was Lisa Ferrari of Prolman Realty in Nashua, NH. This lease deal brings the building to [...]

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