July 23, 2021 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of three multi-family buildings in Everett, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,375,000.
The property is located at 1-3 Godwin Place in Everett, Massachusetts. The property consists of three adjacent, three-story, two-family homes containing a total of six (6) units. The unit mix consists of three (3) 1-Bedroom/1-Bathroom units, two (2) 3-Bedroom/2-Bathroom townhouse units, and one (1), 4-Bedroom/2-Bathroom townhouse unit with 5,232 square feet of living area in 8,183 square feet of total gross area on 0.313 acres of land. Each unit is separately metered for electricity and gas (heat and hot water), which the Tenants pay directly. The Landlord is solely responsible for water and sewer. The Property is located adjacent to a high-density, urban-infill corridor in Everett. The location offers convenient access to Route 99, Route 1, Route 16, Interstate-93, Assembly Row, Kendall Square and Downtown Boston. 1-3 Godwin Place is located 1-mile from Gateway Center, anchored by Costco, Home Depot & Target, and from the new Encore Boston Harbor Resort & Casino. Public transportation is readily available on Broadway and Chelsea Street with MBTA buses providing regular service to the Malden Center and Wellington stations on the MBTA’s Orange Line, and to the Chelsea Station with service on the MBTA’s Newburyport/Rockport Line and service along the MBTA’s silver line.
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.