December 30, 2021 – Dennis Kelleher, John Pentore and Jason Kulik of Horvath & Tremblay have successfully completed the sale of a twenty-nine (29) unit multi-family property in Weymouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,100,000.
The property is located at 31 Vine Street in Weymouth Massachusetts. 31 Vine was constructed in 1966 and contains twenty-nine (29) residential units comprised of twelve (12), 2-Bedroom/1-Bathroom units, twelve (12), 1-Bedroom/1-Bathroom units and five (5), studio units in 23,760 square feet of gross area on a 1.08-acre parcel. The three-story, brick building has been well maintained throughout ownership and features an on-site laundry facility, individual private storage for each unit and ample off-street parking. All units are separately metered for heat/hot water and electric, and most units feature private balconies. Additionally, ownership is in the process of putting a brand-new, flat rubber roof, which will be done prior to acquisition. The Property features a strong mix of studio units and large one and two-bedroom units. Situated on a tree-lined residential street, 31 Vine is 0.25-miles from Washington Street (MA Route 53), the area’s primary commercial corridor, 0.25-miles to the Washington Street & Broad Street MBTA Bus Stops, and 0.7 miles to the East Braintree/Weymouth Landing MBTA Station on the Greenbush 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.