July 22, 2021 – Ryan Benton, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 5-unit multi-family property in Milford, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $680,000.
The property is located at 63 Pearl Street in Milford, Massachusetts. The three-story building contains five (5) units consisting of four (4) 1-Bedroom/1-Bathroom units, and one (1), 2-Bedroom/1-Bathroom unit in 3,060 square feet of gross living area (5,392 square feet of gross area) on a 0.13-acre parcel. The Property has a new roof, and all of the units feature updated/renovated unit interiors. Additionally, three of the units have newer, tankless Burnham Carefree boilers. The Property includes ample off-street parking with space for up to eight vehicles, dedicated storage space in the basement and an on-site laundry facility. Four of the Five units are separately metered for electricity, which the Tenants pay directly. The Landlord is solely responsible for domestic water and sewer, hot water, and heat for unit 2. The Property is well-located on Pearl Street in a quiet residential neighborhood, and is just 0.3 miles from Milford’s downtown, which features an appealing mix of national retailers and local shops and restaurants. The Property is 1-mile from area schools, the Milford Regional Medical Center (Hospital), and a Shaw’s and Big-Y. Additionally, the property offers convenient access to Interstate 495 and Milford’s vibrant commercial corridor featuring numerous national retailers and restaurants.
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.