December 22, 2023 – Nick Bevilacqua, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a three (3) unit Multi-Family Property in Dorchester, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,200,314.
The Property is located at 25 Ronan Street and is improved by a three-story building containing three units with one (1) 4-Bedroom/1-Bathroom unit and two (2) 3-Bedroom/1-Bathroom units with 3,924 square feet of living area in 5,972 gross square feet on a 0.17-acre of land. Also, included in the sale is an adjacent lot (0 Ronan Street) consisting of 0.07 Acres (3,106 square feet), which creates the opportunity to increase the parking count for tenants of the property. 25 Ronan features condo quality finishes in all units, including kitchens with updated cabinetry and granite countertops, hardwood floors as well as dishwashers and laundry in all units. Utilities are metered separately, and the property features recent capital improvements including two new gas boilers (the third is relatively new), two new water tanks and 100amp electrical in each unit. 25 Ronan Street is situated in an exceptional urban location in the Uphams Corner neighborhood of Dorchester, a short walk to both Columbia Street and Dorchester Avenue, the two main streets in the neighborhood, as well as to MBTA Bus and T service. The area offers countless amenities, with endless dining, retail, nightlife, and beach/park options. The location offers convenient access to Boston’s best areas, including the Seaport District, Downtown Boston, Back Bay, the North End, the South End, and a short driving distance to I-93. 25 Ronan Street is also located close to Franklin Park and Malibu Beach. Approximately 10,700 people live within the 0.443-square mile neighborhood representing an impressive 24,100 people per square mile. The University of Massachusetts Boston is 2-miles from the Property and has an enrollment of over 16,000 students. Boston College High School, John W McCormack Middle School, Boston Collegiate Charter School and Roger Clap Elementary School are all just over a mile from the Property.
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.