August 3, 2017 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a multifamily building located at 133 Walnut Street in Somerville, Massachusetts. The 7-unit property sold for a price of $2,650,000.
133 Walnut Street is set in an excellent urban location in the densely populated Winter Hill neighborhood of Somerville. The property is located less than one and a half miles from bustling Assembly Row, a unique destination where residents of Somerville and neighboring towns visit to shop, dine, live, and work. Assembly Row offers a plethora of shopping and dining outlets of all varieties. Also located within a few blocks of the property is the Somerville High School. This location on Walnut Street offers quick access to downtown Boston via local bus routes located along nearby Pearl Street and an easy commute to Interstate 93. Adding appeal to commuters is the proposed Gilman Square Green Line Stop located less than ¼ miles from the property. The value add property provides the new investor with an attractive unit mix of (2) four bedroom, one bathroom units, (4) three bedroom, one bathroom units, (1) one bedroom, one bathroom unit and two off-street parking spaces in one of the strongest rental markets in New England.
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.