March 23, 2022 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 12 Grant Street in Beverly, Massachusetts. Girolamo represented seller and procured the buyer to close the property at a sale price of $1,350,000.

12 Grant Street is a multi-family property in Beverly, Massachusetts. The Property contains four residential units spread over two buildings. There is a three-story building containing three (3) 3-Bedroom/1-Bathroom units in the front of the Property and a renovated, two-story, single-family building containing a 2.5-Bedroom/1.5-Bathroom unit in the rear of the Property. The buildings contain a combined 4,534 square feet of living area on a 0.11-acre parcel. The Property includes 2 tandem off-street parking spaces. Each unit is separately metered for electricity, and gas heat and hot water, which the Tenants pay directly. 12 Grant Street is well-located in a densely populated residential neighborhood in the north end of downtown Beverly. The Property is situated approximately 500 feet from the intersection of Beckford Street and Cabot Street, the main street in Downtown Beverly that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment and public transportation. Additionally, Grant Street is strategically located near the Cummings Center, a major mixed-use complex featuring significant residential, business and retail activities.

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.