June 23, 2022 –Jason Kulik of Horvath & Tremblay has successfully completed the sale of a six (6) unit multi-family property in Halifax, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,000,000.
The property is located at 338-340 Monponsett Street in Halifax, Massachusetts. The Property consists of a 1.5-story, four-unit building constructed in 1912 and a 1-story, two-unit building constructed in 1960, for a total of six units. The unit mix consists of one (1) 2-Bedroom/1-Bathroom unit and five (5) 1-Bedroom/1-Bathroom units in 3,826 square feet of living area, in 5,558 square feet of gross area, on a 1.09-acre parcel with ample off-street parking available for tenants. The Property was fully renovated in 2013/2014. Improvements included updated electrical service, updated vinyl siding, windows, asphalt shingle roofs, kitchens and baths with vinyl and carpet flooring in all units. A new septic system and plumbing were completed, in addition to new duct work to accommodate forced air heat and air conditioning. 338-340 Monponsett offered the rare opportunity to acquire a recently renovated asset in a supply constrained market that is poised for future growth. There is a limited supply of multifamily housing in Plymouth County with a high demand for rental units. The Property is just 0.1 miles from the intersection of Monponsett and Plymouth Streets, the primary retail and commercial area in Halifax featuring a Walmart Supercenter. The location offers easy access to several national and local tenants providing a variety of shopping, dining, and retail options for residents. The location benefits from close proximity to numerous outdoor recreation amenities including the East & West Lake, Camp Ousamequin, Country Club of Halifax, Boston Skydive Company, Silver Lake and the Burrage Pond Wildlife Management Area. Additionally, 338-340 Monponsett Street is 2.5 miles from the Halifax MBTA Commuter Rail Station and 5.4 miles from Bridgewater State University, with an enrollment of 9,942 students.
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.