October 29, 2021 – Jason Kulik, John Pentore and Dennis Kelleher of Horvath & Tremblay have successfully completed the sale of the Summer Street Portfolio, an eight (8) unit Multi-Family Portfolio in Plymouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,850,000.
The Summer Street Portfolio is comprised of four multi-family investment properties located at 119, 121, 125, and 127 Summer Street in Plymouth, Massachusetts. The Portfolio consists of four adjacent, two-family buildings containing a total of eight (8), 2-Bedroom/1-Bathroom units with 7,876 square feet of living area in 13,297 square feet of total gross area on 0.9 acres of land. The Portfolio benefits from twenty (20) off-street parking spaces, and has all separate utilities with the tenants responsible for their individual electricity, heat, and hot water. The Landlord is responsible for common area electricity and domestic water and sewer. The Summer Street Portfolio is centrally located ½-mile from the Plymouth Town Center and Route 3, the primary commuter corridor connecting the south shore with Boston. The Portfolio is located 40 miles south of Boston, and 10 miles east of Interstate 495. Commuter rail service on the MBTA’s Plymouth/Kingston commuter rail line with direct service to Boston is located 2.5-miles from the Property at the Plymouth Train Station. The Portfolio is located in a residential neighborhood with close proximity to grocery stores and restaurants, as well as large area shopping corridors (Colony Place and The Grove at Plymouth). The Property benefits from close proximity to numerous outdoor recreation amenities including the Plymouth Harbor, Nelson Beach, Town Brook Park, and the Plymouth Rock and Mayflower II historical sites.
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.