September 28, 2020 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 26-28 Railroad Avenue in Beverly, Massachusetts. Girolamo exclusively represented the seller and procured the buyer to close the transaction at a sale price of $1,307,000, a price per unit of $217,833.
26-28 Railroad Avenue is a multi-family property, containing 6 units in Beverly, Massachusetts. The property is comprised of two buildings with five (5), 1-Bedroom/1-Bathroom units and one (1), 2-Bedroom/2-Bathroom unit in 3,838 square feet of living area within 5,757 square feet of gross area on a 0.085-acre parcel. All six units have recently been renovated and the Property includes off-street parking for 2 vehicles. 26-28 Railroad Avenue is located in a densely populated residential neighborhood in downtown Beverly in between Rantoul Street and Cabot Street. The property is located less than 1/4-mile from Beverly Depot with service to Boston on the Newburyport/Rockport Line, and 1-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. 26-28 Railroad Avenue 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.