January 9, 2019 – Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of 154-156 Brown Street in Waltham, Massachusetts. The four-unit apartment building sold for $1,618,300 at over $400,000 per unit.
The Property contains four units in 6,873 square feet of living area and sits on a .20-acre lot with eight off street parking spaces. The first floor of the apartment building contains (2), two-bedroom, one-bathroom units while the upper floor contains (2), four-bedroom, two-bathroom duplex units. Both the building and the duplex units have been substantially upgraded over the last two years and feature new kitchens and bathrooms as well as separately metered utilities for electricity, heat, hot water and water. The Property is extremely well-located on a densely populated residential street, just one block from Moody Street, the commercial heart of Waltham. The location offers a multitude of shopping, dining and entertainment options within short walking distance.
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.