May 26, 2021 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 22-24 Chase Street in Beverly, Massachusetts. Girolamo exclusively represented seller to close the property at a sale price of $900,000, a price per unit of $180,000.
Chase Street is a multi-family property, containing 5 residential units in Beverly, Massachusetts. The three-story building contains four (4), 1-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom units, in 3,518 square feet of living area (5,684 gross square feet) on a 0.11-acre parcel. The Property includes ample off-street parking. 22-24 Chase Street is well-located in a densely populated residential neighborhood adjacent to downtown Beverly. The Property is situated just off of Rantoul Street (Route 1A), the main street in Downtown Beverly that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment and public transportation. Additionally, Chase Street is strategically located near the Cummings Center, a major mixed-use complex featuring significant residential, business and retail activities. The Property is located just minutes from Routes 1, 1A, 128 and Interstate 95. MBTA bus route 451 stops right next to Property on Route 1A (Rantoul St) providing convenient local access throughout the North Shore including the nearby Commuter Rail Stations. Commuter Rail Service to Boston is available ½-mile from the Property at Beverly Depot Station and the Salem fast-ferry provides daily service to Long Wharf on the Boston waterfront in 50 minutes and is located 3 miles from the Property.
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.