August 19, 2022 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of five units in Salem, Massachusetts. Horvath & Tremblay represented both the seller and the buyer to close the property at a sale price of $1,436,500.
The multi-family investment property is located at 52-54 Beaver Street and 13 Silver Street in Salem, Massachusetts. The Property contains two buildings on one tax parcel and consists of five (5) total units, comprised of one (1) 4-Bedroom/2-Bathroom unit and four (4) 3-Bedroom/1-Bathroom units, in 6,040 square feet of living area (10,368 square feet of gross area) on a 0.255-acre parcel. The Property features off-street parking for 10 vehicles. Additionally, the Property is separately metered and the tenants are responsible for electric, heat and hot water. The Property is well-located between Beaver Street and Silver Streets, just over a mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.
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.