September 20, 2023 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 616 E 6th Street, a 2-unit apartment building in South Boston, Massachusetts. The desirable asset sold for $2,135,000 and $1,067,500 per unit.
Situated in an Incredible South Boston “Southie” location the property consists of an extensively renovated three-story building containing two units with one (1) duplexed 4-Bedroom/2-Bathroom unit and one (1) 5-Bedroom/3-Bathroom unit with 3,658 square feet of living area in 4,178 gross square feet on a 0.070-acre parcel. The Property is fully leased (with all units rented until 8/31/23) and has undergone extensive renovations featuring condo quality finishes including updated kitchens with granite counter tops and newer stainless-steel appliances, hardwood floors, exposed brick walls, and dishwashers and laundry in both units. Building amenities include newer rear decks for the tenants, a large, private backyard, and newer siding. 616 E 6th Street is situated in an exceptional urban location in South Boston, less than 1.3 miles from the Seaport and a short walk to East Broadway, one of the main streets in the neighborhood, as well as to an MBTA Bus stops along E 8th Street and E Broadway. This unparalleled location offers convenient access to three (3) T-Stops (Broadway, Andrew, and JFK/UMass on the Red Line) and is close to South Station. The Property is a short walk from the Seaport District (home to the Boston Convention and Exhibition Center, The Institute of Contemporary Art and the Boston Children’s Museum), Carson Beach, M Street Beach, and Pleasure Bay, as well as UMass Boston’s primary campus.
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.