May 3, 2018 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of an apartment building located at 5 Albion Street in Somerville, Massachusetts. Kelleher and Pentore exclusively represented the seller and procured the buyer to close the property at a sale price of $1,700,000, a price per unit of $566,666.
5 Albion Street is comprised of three and four-bedroom units in 3,828 rentable square feet. The multi-family Property was renovated in 2017 with upgrades including new tiled bathrooms, stainless steal appliances and hardwood floors throughout. The Property also provides tenants with one tandem, off-street parking spot for three cars. The Property is located on an attractive, high-density, residential street within the Spring Hill neighborhood of Somerville and is located in close proximity to both David Square and Porter Square. Both Porter and Davis are regional destinations and provide local residents with options to shop, dine and entertain.
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.