April 14, 2022 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 30-32 Ward Street a 3-unit multi-family building in South Boston, Massachusetts. The desirable asset sold for $2,500,000 and $833,333 per unit.
The multi-family building is located at 30-32 Ward Street in South Boston, Massachusetts. The three-story building contains three (3) 4-Bedroom/2-Bathroom residential units with 3,933 square feet of living area in 5,324 gross square feet on a 0.07-acre parcel. The building features recently renovated units with condo-quality kitchens and bathrooms with stainless steel appliances, granite countertops, upgraded cabinets and flooring, Navien, tankless on demand hot water systems as well as central air in all units. Utilities are metered separately metered and the property also features one (1) tandem, off-street parking space as well as two (2) two direct spaces on Ward Court, which is a private way. 30-32 Ward offers the rare opportunity to acquire an outstanding core asset in one of the strongest real estate markets in the region. 30-32 Ward Street is situated in an exceptional urban location in South Boston, less than ¼-mile from Andrew T-Station (with service on the Red-Line) and just off of Dorchester Avenue, one of the main streets in the neighborhood. The area offers countless amenities, with endless dining, retail, nightlife and beach/park options, and multiple MBTA bus stops within 0.1-miles from the Property. The location offers convenient access to Boston’s best areas, including the Seaport District, Downtown Boston, Back Bay, the North End, the South End and a short driving distance to I-93.
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.