May 4, 2021 – Stephen Girolamo and Mike McCarthy of Horvath & Tremblay have arranged the sale of 75-79 Boston Street in Salem, Massachusetts. Horvath & Tremblay represented both the buyer and seller to close the property at a sale price of $1,400,000, and a price per unit of $233,333.
The three-building residential investment property is located at 75-79 Boston Street in Salem, Massachusetts. The property contains six (6) total units consisting of three (3) 3-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units, and one (1), 4-Bedroom/1Bathroom unit in 6,166 square feet of living area on a combined 0.48-acre parcel. The Property features off-street parking for 10 vehicles (7 surface spaces and 3 garage spaces). 75 Boston Street features individual gas-fired heat and hot water systems. 79 Boston Street features individual oil-fired heating systems and electric hot water heaters. Both buildings have separately metered electricity. The Property is well-located on Boston Street, just over a mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.
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.