May 14, 2018 – Jason Kulik of Horvath & Tremblay has arranged the sale of 229 State Street in New Bedford, Massachusetts. The 7-unit apartment building sold for $380,000.
The 3-story property contains 7 units made up of two, 1-bedroom units, three, 2-bedroom units and two, 3-bedroom units in 4,800 rentable square feet on a 0.10-acre parcel. 229 State Street is located on a residential street in a densely populated downtown neighborhood bordered by Route I-195 to the north, Route 18 to the east and Route 6 to the south. The location offers easy access to the region’s major highways as well as public transportation service via the Southeast Regional Transit Authority (SRTA) bus service two blocks away from the Property on Purchase Street.
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.