January 26, 2023 –Jason Kulik and Sam Peck of Horvath & Tremblay have successfully completed the sale of a five (5) unit multi-family property in Avon, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $700,000.
The property is located at 152 E Spring Street in Avon, Massachusetts. The three-story building contains five (5) residential units comprised of three (3), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 4,101 square feet of living area in 5,642 total gross square feet and is situated on a 0.38-acre parcel of land with ample off-street parking available to tenants. 152 E Spring Street is well-located in the eastern portion of Avon and is typically fully occupied with very low historical vacancy. There is a limited supply of multi-family property in Norfolk County with high demand for rental units. The Property has a private back yard with green space and is approximately 500 feet from the intersection of E Spring Street and MA Route 28, the area’s primary commercial corridor. The Property is 0.5-miles from a Walmart Supercenter and a Dunkin’, 1.5-miles from Stop & Shop, and approximately 3 miles from a Target and Shaw’s. The Property benefits from commuter rail service on the MBTA’s Middleborough/Lakeville line, with direct service to Boston; the Montello Station is located 1.5-miles from the Property and the Holbrook/Randolph Station is 2.8-miles away. 152 E Spring Street is well-located with convenient access to MA Routes 24, 28, 37, and 139. The Property is also a short drive from Massasoit Community College, and Stonehill College, which has a 384-acre campus and is home to more than 2,500 students. Stonehill College was named “one of the nation’s best institutions for undergraduate education” by the Princeton Review in 2021.
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.