May 5, 2023 – Ryan Benton of Horvath & Tremblay has successfully completed the sale of a 6-unit multi-Family property in Worcester, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $820,000.
19 Ward Street is a multi-family building in Worcester, Massachusetts. The three-story building contains six (6) units 2-Bedroom/1-Bathroom units with 5,336 square feet of gross living area in 7,974 square feet of gross area on a 0.08-acre parcel. Each unit is separately metered for electricity and gas (heat and hot water), which the Tenants pay directly. The Landlord is responsible for common area electric and water and sewer. 19 Ward Street is well-located in the Oak Hill neighborhood of Worcester, minutes from downtown with excellent access to all the amenities the city has to offer. Worcester features a walkable downtown with a plethora of employment and entertainment opportunities. High profile attractions include the DCU Center and Palladium venues, and UMass Memorial Medical Center is the largest employer in the city. There are nine colleges and universities in Worcester, which bring a large student population (more than 36,000) to the rental market. 19 Ward Street is a short walk from the Vernon & Jefferson Street bus stop, with service on Route 11 offered by the Worcester Regional Transit Authority (WRTA). Worcester Union Station is centrally located just 0.8-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 Property also benefits from close proximity to Interstate 290, which connects central Worcester to Interstates 190, 495, and 90, as well as to other area highways. Additionally, MA Route 9 runs through the center of the city, and US Route 20 bisects the southern portion of the city. The Property enjoys close proximity to Worcester’s primary commercial thoroughfares and offers convenient access to an array of amenities including the Worcester’s Union Station, Polar Park, Price Rite, Gala Foods, Walgreens, Burger King, Dunkin’, local businesses and services, and numerous bars, restaurants, cafés and retail.
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.