October 10, 2018 – Jason Kulik of Horvath & Tremblay has arranged the sale of 46 Deane Street in New Bedford, Massachusetts. Kulik represented the seller to close the 6-unit apartment building at a sale price of $420,000.
The 3-story multi-family contains six, two-bedroom/one-bathroom units in 4,962 rentable square feet on a 0.22-acre parcel. The Property offers off-street driveway parking and a three-car garage. 46 Deane Street is located on a residential side street in the densely populated “North End” neighborhood of New Bedford adjacent to the 27-acre Riverside Park and the Acushnet River. The location offers convenient access to I-195, 0.5 miles to the south of the Property, as well as to public transportation via the Southeast Regional Transit Authority (SRTA) bus stop just two blocks (0.2 miles) from the Property on Acushnet Ave.
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.