November 30, 2021 – John Pentore and Dennis Kelleher of Horvath & Tremblay have successfully completed the sale of a 3-unit multi-family property in Cambridge, Massachusetts. The duo exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,025,000, which is $675,000 per unit.
The property is located at 12 Speridakis Terrace in the Cambridgeport neighborhood of Cambridge, Massachusetts. The well-maintained, fully occupied 3-story building contains three units consisting of three (3), 2-Bedroom/1-Bathroom units in 3,516 square feet of living area in 4,928 square feet of gross area on a 0.061-acre parcel. 12 Speridakis Terrace is located on a quiet residential street in the heart of Cambridgeport. In addition to being a short walk to Central Square Station (.4 miles), there are numerous employers and a myriad of shopping, dining, entertainment, and public transportation options, all of which make Cambridgeport one of the most sought after and desirable places to live in the region. Apartment demand in the neighborhood is driven by a diverse mix of families, young professionals, blue-collar workers, and the graduate students, employees and faculty from nearby MIT and Harvard University. Offering the best of both city and country, Cambridgeport has become a sought-after place to live in recent years. Conveniently located not far from the Property is Central Square, one of the city’s shopping and transportation hubs. The Square also offers a diverse array of unique dining, representing cultures from all over the world. Massachusetts Ave is one of the neighborhoods main commercial areas.
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.