KELLEHER, PENTORE AND BENTON SELL ARLINGTON COMMONS IN FRAMINGHAM, MA FOR $13,615,000

January 31, 2023 – Dennis Kelleher, John Pentore and Ryan Benton of Horvath & Tremblay have successfully completed the sale of the Arlington Commons, a 56-unit apartment complex in Framingham, Massachusetts.  The desirable asset sold for $13,615,000 and $243,125 per unit.

Arlington Commons is a 56-unit apartment complex located at 77-79 & 93 Arlington Street in Framingham, Massachusetts.  77-79 Arlington Street consists of two, twin 27-unit brick buildings with off-street parking for over 60 cars and contains (6) studio units, (21) 1-Bedroom/1-Bathroom units, and (27) 2-Bedroom/1-Bathroom units on a 1.01-acre lot. 93 Arlington Street is an adjacent two-family property that contains (1) 2-Bedroom/1-Bathroom unit and (1) 3-Bedroom/1-Bathroom unit and a detached 2-car garage on a 0.32-acre lot. The Property has historically operated at or near full occupancy with limited downtime between tenancies and features long-term tenants in place. Arlington Commons is well-located on a residential street in downtown Framingham with excellent access to all the amenities the area has to offer. The Property is a short walk from the commercial center at the intersection of Waverly and Concord Streets, with convenient access to area highways and public transport. The Framingham MBTA Station runs through the middle of downtown and the area features an appealing mix of national and local restaurants and retailers.

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.