June 27, 2017 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 9-19 Brown Street in Waltham, Massachusetts. The 9 unit multi-family property sold for a price of $1,750,000.
9-19 Brown Street is situated in an excellent urban location on a tree-lined residential street, just two blocks from Moody Street, in the heart of Waltham. The location offers a multitude of shopping, dining and entertainment options within short walking distance. For public transportation commuters, the bus stop steps from the property at Crescent and Moody Street offers “Express Bus” service to Back Bay and the Financial District in Boston and local service to the Waltham Commuter Rail Station, 0.8 miles away. The location also benefits from its proximity to the two universities in Waltham; Brandeis University, just 1.5 miles to the west, and Bentley University, just 2 miles to the north. New developments such as “The Merc on Moody and Main” and “1265 Main” add to Waltham’s appeal. The subject property consists of (7) one bedroom, one bathroom units and (2) two bedroom, one bathroom units. There are (18) off street parking spaces for tenants, including (6) garages. The asset offers the investor a value-add opportunity in an incredibly strong market.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.