December 22, 2020 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 9-unit Multi-Family building in Waltham, Massachusetts. The duo exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,300,000, which is $366,667 per unit.
The property consists of a turn-key, nine-unit multi-family building located at 9-19 Brown Street in Waltham, Massachusetts. The Property consists of 9-residential units in 6,399 square feet of living area on a 0.44-acre parcel. Both the building and units have been substantially renovated over the last few years. Highlights at the Property include new kitchens and bathrooms, coin-operated laundry in the basement, and 18 off-street parking spaces, including six (6) garage spaces. 9-19 Brown Street is exceptionally well-located on a tree-lined residential street, less than two blocks from Moody Street, in the heart of Waltham. The location offers a multitude of shopping, dining, and entertainments options within a short walking distance. The property is just a few blocks from a bus stop that offers “Express Bus” service to Back Bay and the Financial District in Boston, and local service to the Waltham Commuter Rail Station, less than 1-mile away. The Property is also just 2-miles away from both Brandeis and Bentley University. An impressive 28,800+ people live within a 1-mile radius of the Property with an average household income of $105,725.
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.