December 29, 2021 – Ryan Benton of Horvath & Tremblay has successfully completed the sale of a 6-unit Multi-Family property in Westborough, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,100,000.
46-52 South Street is a six-unit, multi-family building in Westborough, Massachusetts. The three-story, multi-family building consist of six (6), 2-Bedroom/1-Bathroom units in 7,296 square feet of gross living area, in 11,836 square feet of gross area, on a 0.16-acre parcel. The property also has an on-site laundry facility, basement storage, and off-street parking for six (6) vehicles. Each unit is separately metered for electricity, gas-fired heat, and hot water, which the tenants pay directly. The property has been well maintained and has four (4) new hot water heaters, six (6) new gas-lines, and newer replacement windows. 46-52 South Street is well-located in the heart of Westborough, with excellent access to all the amenities the area has to offer. The property is seconds from downtown and is within walking distance of Westborough High School. The property is 0.25-miles from the commercial center of Westborough, 1.5-miles from MA Route 9, 2.3-miles from the Westborough MBTA Station, and 3.5-miles from the junction of Interstate 90 (Massachusetts Turnpike) and Interstate 495. Westborough’s downtown and Route 9 corridor feature an appealing mix of national and local restaurants and retailers.
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.