January 20, 2023 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 101-103 Kimball Avenue in Revere, Massachusetts. Girolamo represented the seller to close the property at a sale price of $880,000.
101-103 Kimball Avenue is a multi-family property in Revere, Massachusetts. The two-story building contains a total of four (4) units, consisting of three (3) 1-Bedroom/1-Bathroom units and one (1) 2-Bedroom/1-Bathroom units with 2,660 square feet of living area in 4,830 square feet of total gross area on a 0.115-acre parcel. Each unit is separately metered for electricity, gas fired heat and hot water which the Tenants pay directly. The Landlord is responsible for hot water, and domestic water and sewer. The Property is well-located in a renter-dominated market and is typically fully occupied with low historical vacancy. There is a limited supply of multifamily housing in Revere with a high demand for rental units, given its location along the shore and proximity to downtown Boston (5-miles). The Property is located 0.2-miles from the Revere Beach MBTA T-Station and also enjoys close proximity to the commercial center of Revere offering convenient access to an array of “downtown” amenities including the Shops at Suffolk Downs which is home to a Target, Stop & Shop, Wendy’s & Starbucks, several commuter Rail Stations and numerous bars, restaurants, cafés and retail. The Property is also just a short walk from Revere Beach.
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.