September 10, 2021 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 7-unit Multi-Family Property consisting of two buildings in Waltham, Massachusetts. The duo exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,068,000.
The Property consists of two multi-family buildings with a total of 7-residential units in 6,871 square feet of living area in 9,271 square feet of gross area on a 0.23-acre parcel. The desirable unit mix features two (2), 1-Bedroom/1-Bathroom units, three (3) 3-Bedroom/1-Bathroom units, and two (2), 4-Bedroom/1-Bathroom units. The buildings are adjacent and feature separately metered utilities, coin-operated laundry in the basement, and 15 off-street parking spaces. 12-18 Highland Street is centrally located in a high-density residential neighborhood between downtown Waltham (0.8-miles) and the vibrant shops, restaurants and nightlife along Moody Street, and Brandeis University (0.4-miles). The Property is located 10 miles to the west of Boston and less than 2 miles from both I-90 (the “Mass Pike”) and I-95 (Route 128) offering convenient access to Boston, Cambridge, and the Route 128 Technology Corridor. The Property is also within walking distance to the Waltham MBTA station just 0.6-miles away.
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.