October 5, 2017 – Dennis Kelleher and John Pentore of Horvath & Tremblay, have arranged the sale of a mixed-use building located at 1287-1289 Massachusetts Avenue in Arlington, Massachusetts. The property sold for a price of $1,000,000.
Located with direct street frontage along Massachusetts Avenue, the mixed-use property was built in 1880 and is comprised of one commercial unit located on the first floor and (3) two bedroom, one bathroom apartments on the first and second floors. Off street parking is available for all units in the rear of the building. The property is in a desirable location as it is less than ten miles from Boston and is within close proximity to numerous MBTA bus stops. Massachusetts Avenue serves as the main retail corridor traveling through Arlington attracting residents from nearby towns with its eclectic shopping and dining experiences.
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.