January 8, 2018 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of 120-120A Salem Street and 166 Mountain Avenue in Medford, Massachusetts. The portfolio sold at a price of $11,450,000 and a price per unit of $181,746.
The 63-unit portfolio consists of three apartment buildings located on Salem Street and Mountain Avenue. The properties are comprised of an attractive unit mix of ten studio apartments, (29), one bedroom, one bathroom units, (21), two bedroom, one bathroom units and (3), three bedroom one bathroom units. Off street parking is also available to tenants of the buildings. The transit oriented location offers residents easy access to the Malden Center Orange Line stop located less than one mile away and is within three miles of Route 1 with access into Boston.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Our advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. We have experience successfully structuring portfolio sales and 1031 exchanges. We 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.