September 28, 2020 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 42 Beckford Street in Beverly, Massachusetts. Girolamo exclusively represented the seller and procured the buyer to close the transaction at a sale price of $1,290,000, a price per unit of $215,000.
42 Beckford Street is a multi-family property, containing 6 units in Beverly, Massachusetts. The property is comprised of five (5), 1-Bedroom/1-Bathroom units and one (1), 2-Bedroom/1-Bathroom units in 4,191 square feet of living area on a 0.07-acre parcel with off-street parking. The property has been completely renovated, with cosmetic updates to the common areas and exterior, while the units have been updated with granite countertops and modern amenities. 42 Beckford Street is well located in a densely populated residential neighborhood in downtown Beverly adjacent to the intersection of Beckford Street and Cabot Street. The property is located less than 1-mile from Beverly Depot with service to Boston on the Newburyport/Rockport Line, and ½-mile from the Cummings Center, a two-million Square foot, 77-acre campus that is home to more than 600 companies and 4,000 employees. 42 Beckford Street is also within walking distance to many downtown amenities, area shopping, and public transportation. The property offers convenient access to Routes 1, 1A, 128 and Interstate 95.
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.