May 17, 2018 – Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a four building, 16-unit portfolio located in Waltham, Massachusetts. The apartment buildings sold for a price of $3,621,000. The properties consisted of (10) two bedroom units, (3) one bed units and (3) studio’s with off street parking available for tenants.
381-383 Crescent Street, 19-20 Norumbega Terrace, 177-181 Robbins Street and 252 Ash Street are all situated in the South Side of Waltham and in close proximity to Moody Street. The assets will provide the incoming owners an excellent value add opportunity in a highly sought after market. Located in Middlesex County, Waltham is a vibrant town located just 9 miles west of Boston. Prominent developments as The Merc at Moody and Main as well as 1265 Main have revitalized downtown Waltham and along the 128 Corridor respectively. Only a few short miles from the Mass Pike, the cities convenient location along 128 gives residents easy access to downtown Boston. In addition, the MBTA commuter rail provides transportation into downtown Boston and surrounding communities.
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.