September 12, 2022 –Jason Kulik of Horvath & Tremblay has successfully completed the sale of a six (6) unit multi-family property in Brockton, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,065,000.
The property is located at 29 Intervale Street in Brockton, Massachusetts. Located in Brockton’s Montello neighborhood, the three-story building contains six (6), 2-Bedroom/1-Bathroom units with 5,820 square feet of living area in 7,724 total gross square feet and is situated on a 0.17-acre parcel of land with off-street parking available to tenants. The Property is separately metered for electricity and gas-fired heat and hot water, which the tenants pay directly. The Landlord is responsible for the domestic water and sewer. 29 Intervale Street is well-located in a renter-dominated market and is typically fully occupied with low historical vacancy. There is a limited supply of multi-family property in Plymouth County with a high demand for rental units. The Property is situated on a corner lot in a residential neighborhood and is less than a ½-mile from the Montello MBTA Train Station. The location offers tenants area shopping within walking distance (Stop & Shop and Walgreens), several options for restaurants and bars, and convenient access to the area’s major roadways including MA Routes 24, 27, 28, and 123. The Property is within a few miles of Massasoit Community College, and Stonehill College which has a 384-acre campus and is home to more than 2,500 students. Additionally, the Property is close to Brockton High School, the largest high school in New England and one of the biggest in the nation, which has more than 4,200 students and has twice been named one of America’s Best High School’s by U.S. News & World Report.
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.