April 6, 2023 – Ryan Benton of Horvath & Tremblay has arranged the sale of three (3) properties in Cherry Valley, Massachusetts. Benton exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $775,000.
The multi-family properties are located at 392, 396 and 414-416 Main Street in Cherry Valley, Massachusetts. The Properties are comprised of two multi-family buildings and an undeveloped parcel of land and contain a total of six (6) units, consisting of three (3) 1-Bedroom/1-Bathroom units, two (2) 3-Bedroom/1-Bathroom units, and one (1) 2-Bedroom/1-Bathroom unit with 7,872 square feet of living area in 9,410 square feet of total gross area on a combined 2.85-acres of land. The Properties include an on-site laundry facility and ample off-street parking. The Properties are well-located along Main Street (MA Route 9) in Cherry Valley, a bedroom community 5-miles west of downtown Worcester. The Properties are close to area schools including South High Community School, Dr. Arthur F Sullivan Middle School, and Leicester High School. The Properties are situated a few miles west of downtown Worcester and offers convenient access to an array of amenities including grocery stores (Price Chopper, Shaw’s, Price Rite, and Big-Y), national restaurants (Applebee’s, McDonald’s, Burger King, Popeyes, and Dunkin’), local businesses and services, and numerous bars, cafés, and retailers. Additionally, the area is home to numerous hospitals and medical centers, colleges and universities, and recreational/entertainment venues. Additionally, the Properties are located along Main Street (MA Route 9) which runs directly into Worcester. Worcester Union Station is just 5-miles away with service on the MBTA Framingham/Worcester commuter rail line and also serves as a station for Amtrak, Greyhound, Peter Pan, and WRTA bus routes. The Properties are also just a few miles from Interstate 290, which connects to Interstates 190, 495, and 90, as well as to other area highways.
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.