November 4, 2021 – Ryan Benton of Horvath & Tremblay has successfully completed the sale of a 10-unit multi-family property in Marlborough, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,200,000.
56 & 60 East Main Street is a multi-family investment property located in Marlborough, Massachusetts. The Property consists of two (2) adjacent multi-family buildings, on two separately taxed parcels; 56 East Main Street is a three-story, three-unit building and 60 East Main Street is a three-story, seven-unit building. Combined, the Property contains ten (10) units, consisting of four (4) studio units, four (4) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1) 3-Bedroom/1-Bathroom unit in 6,707 square feet of living area, in 10,700 square feet of gross area, on a combined 0.59-acre parcel. Each unit is separately metered for electricity and gas (heat and hot water), which the tenants pay directly. The Property features an on-site laundry facility with two coin-operated washers and two coin-operated dryers, as well as eleven (11) off-street parking spaces. The Property is well-located on East Main Street, just 0.2 miles from Marlborough’s downtown. The location offers convenient access to nearby shopping, restaurants, outdoor space, healthcare, and public schools as well as easy access to the Mass Pike and US Route 20. Downtown Marlborough features an appealing mix of national retailers and local shops and restaurants. The area offers a blend of necessity retail, services tenants, and an array of dining and entertainment options; popular national chains including Walgreens, Dollar Tree, Dairy Queen, Domino’s and O’Reilly Auto Parts. Additionally, the Post Road Plaza anchored by Price Chopper, Marshall’s, Savers and CVS is less than half a mile from the Property.
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.