October 1, 2021 – Jason Kulik of Horvath & Tremblay has successfully completed the sale of a 6-unit Mixed-Use Property in Rockland, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $890,000.
The mixed-use property is located at 18-20 E Water Street in Rockland, Massachusetts. The newly renovated three-story building contains one (1) commercial unit at street-level and five (5), 1-Bedroom/1-Bathroom residential units. All common areas and units have been fully renovated, featuring granite counter tops, stainless steel appliances, new trim, paint, video intercoms and mini-split systems for efficient heating and cooling. The building was sold vacant presenting the buyer with the opportunity to drive rental rates through an aggressive leasing and management program. 18-20 E Water Street is well-located adjacent to the signalized intersection of Water Street and Union Street in the heart of Downtown Rockland. The Property is 0.25-miles from the Rockland Senior High, is directly across the street from a Dunkin’, approximately 2-miles from the Abington Train Station (Kingston Line) and 3.5-miles from the S Weymouth Train Station (Kingston Line). The location offers convenient access to the area’s major roadways, public transportation, and numerous retail amenities.
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.