October 15, 2021 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 24 & 29 Washington Street in Beverly, Massachusetts. Girolamo represented the seller and procured the buyer to close the transaction at a sale price of $2,500,000.
The two multifamily investment properties are located at 24 & 29 Washington Street in Downtown Beverly on the north shore of Massachusetts. The two multi-family buildings contain ten (10) total units. 24 Washington Street consists of four (4) 1-Bedroom/1-Bathroom units and one (1), 2-Bedroom/1-Bathroom unit, in 3,747 square feet of living area (6,723 gross square feet) on a 0.13-acre parcel. 29 Washington Street consists of two (2) 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units, in 3,711 square feet of living area (6,509 gross square feet) on a 0.19-acre parcel. The Property also features on-site parking for ten (10) vehicles. 24 & 29 Washington Street are well-located in a densely populated residential neighborhood adjacent to downtown Beverly. 24 & 29 Washington Street are located in a densely populated residential neighborhood in downtown Beverly in between Rantoul Street and Cabot Street. The properties are located less than 1/2-mile from Beverly Depot with service to Boston on the Newburyport/Rockport Line, and are close to the Cummings Center, a two-million Square foot, 77-acre campus that is home to more than 600 companies and 4,000 employees. 24 & 29 Washington Street are also within walking distance to many downtown amenities, area shopping, and public transportation. The properties offer convenient access to Routes 1, 1A, 128 and Interstate 95.
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.