July 27, 2022 – Spencer Smith and Will Peck of Horvath & Tremblay have successfully completed the sale of a 7-unit Mixed-Use Property in Fall River, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $610,000.
The mixed-use property is located at 776-780 New Bedford Street in Fall River, Massachusetts. The three-story building contains one (1) commercial unit at street-level and six (6) residential units, consisting of four (4) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units in 3,762 square feet of living area, in 5,006 square feet of total gross area, on a 0.07-acre parcel. Each unit is separately metered for electric and gas heat & hot water, which the tenants pay for directly. Landlord is responsible for domestic water & sewer. 776-780 Bedford Street is well-located in the heart of Downtown Fall River. The Property is a short walk from the banks of the Taunton River and Mount Hope Bay, and is close to the Charlton Memorial Hospital and the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2023. Fall River is also home to two branches of UMASS Dartmouth and the Bristol Community College. The location offers convenient access to the area’s major roadways, public transportation, and numerous retail amenities. The location offers convenient access to Interstate 195, US Route 6, and MA Route 24 which links Fall River to Newport and Boston
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.