June 23, 2021 – Jason Kulik, John Pentore and Dennis Kelleher of Horvath & Tremblay have successfully completed the sale of an 18-unit Multi-Family Property in Fall River, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,000,000.
The multi-family property is located at 575 N Main Street in Fall River, Massachusetts. The four-story building contains eighteen residential units consisting of six (6), studio units, four (4), 1-Bedroom/1-Bathroom units, and eight (8), 2-Bedroom/1-Bathroom units in 16,416 square feet of living area. The building has recently undergone extensive capital improvements to 14 of 18 units. The units feature new floors, windows, new bathrooms, and upgraded kitchens with granite countertops. Additionally, the building has 20 on-site parking spaces, a coin operated laundry facility, and many units have a private balcony. 575 N Main Street is well-located in the heart of Downtown Fall River. The Property is a short walk from the banks of the Taunton River and Mount Hope Bay, 1/4-miles from Charlton Memorial Hospital, and ½-mile from the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2023. Fall River is also home to two branches of UMASS Dartmouth and the Bristol Community College. The location offers convenient access to the area’s major roadways, public transportation, and numerous retail amenities. The location offers convenient access to Interstate 195, US Route 6, and MA Route 24, which links Fall River to Newport and Boston
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.