March 7, 2023 – Jason Kulik of Horvath & Tremblay has successfully completed the sale of a ten-unit multi-family Property in Plymouth, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,225,000.
The multi-family property is located at 4-7 Sawyer Place in Plymouth, Massachusetts. The Property consists of two adjacent buildings with a total of ten (10) residential units comprised of six (6), 2-Bedroom/1-Bathroom and four (4) 1-Bedroom/1-Bathroom units with 5,988 square feet of living area in 10,498 square feet of total gross area on 0.29 acres of land. The property has separate utilities with the tenants responsible for their individual electricity, heat, and hot water. The Property is well-located in a highly sought-after market and is typically fully occupied with very low historical vacancy. There is a limited supply of multifamily housing in Plymouth County with a high demand for rental units. The Property is in the heart of the Plymouth town center, one block from the Cape Cod Bay and 2-miles from the Plymouth Train Station. The Plymouth town center offers an abundance of shopping, restaurants, and cultural venues. The Property is also close to numerous outdoor recreation amenities including Plymouth Harbor, Nelson Beach, Town Brook Park, and the Plymouth Rock and Mayflower II historical sites.
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.