September 28, 2023 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 20-unit multi-family property in Framingham, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,775,000.
154 Union Avenue is a three-story multi-family building in Framingham, Massachusetts. The Property contains twenty (20) units consisting of thirteen (13), Studio units and seven (7) 1-Bedroom/1-Bathroom units with 7,712 square feet of livable area in 9,738 square feet of total area on a 0.2-acre parcel. The Property also has 8+ on-site parking spaces. 154 Union Avenue is well-located with excellent access to all the amenities the area has to offer. The Property is well-positioned within downtown Framingham and is within walking distance of the area’s commercial center at the intersection of Union Avenue and Concord Street. The Property is just 0.5 miles from the Framingham stop on the MBTA Commuter Rail, 0.2 miles from the MetroWest Medical Center, and 1.5-miles from Framingham State University’s main campus. The Property is surrounded by several new, high-end developments including Alta Union House, Amsden Apartments, Bancroft Lofts, Denison Bishop Apartments, 68 South Street, and 82 Concord Street. Downtown Framingham also features an appealing mix of national retailers and local, ethnic shops and restaurants.
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.