September 8, 2023 – Spencer Smith of Horvath & Tremblay has successfully completed the sale of a 6-unit Multi-Family Property in Fall River, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $710,000.
The multi-family property is located at 977-987 Locust Street in Fall River, Massachusetts. The Property is comprised of a three-story building containing six (6), 2-Bedroom/1-Bathroom units with 4,944 square feet of living area on a 0.069-acre corner parcel. 977-987 Locust Street is well-located in a densely populated residential neighborhood in the heart of downtown Fall River. The Property is positioned at the intersection of Davis Street and Locust Street and enjoys close proximity to the Charlton Memorial Hospital, and to the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2024. Downtown Fall River is a densely developed, mixed use neighborhood centered around Main Street, I-195, and the Taunton River. The area offers a multitude of retail and entertainment amenities for residents, in addition to several commercial and religious establishments. Fall River is also home to two branches of UMASS Dartmouth and the Bristol Community College. The location offers convenient access to Interstate 195, Eastern Avenue – US Route 6, and MA Route 24 which links Fall River to Newport and Boston.
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.