November 17, 2023 – Stephen Girolamo and Spencer Smith of Horvath & Tremblay have successfully completed the sale of eleven (11) multi-family units in Stoughton, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $3,200,000.
The multi-family property is located at 284 School Street in Stoughton, Massachusetts. The Property is improved by a two-story multi-family building with eleven (11), 2-Bedroom/1-Bathroom townhouse style units with +/-8,250 square feet of living area on a 0.38-acre corner parcel of land. 284 School Street has been well maintained and features condo-quality finishes throughout the unit interiors. The Property is separately metered for electricity, heat, and hot water which the tenants pay directly, and the Landlord is responsible for domestic water and sewer. The Property also includes ample on-site parking for the residents. The Property is situated in a tree-lined residential neighborhood at the intersection of School Street and Perry Street. Just seconds from the center of Stoughton the property enjoys convenient access to area schools, municipal offices, and nearby employment centers. The location is walkable to numerous restaurants, shopping, and entertainment amenities including the Price Rite, Walgreens, CVS, Dollar Tree, Wendy’s and Dunkin’. The Property is 0.4-miles from the Stoughton Train Station and enjoys convenient access to MA Routes 27, 138, and 139. The Property is within 0.5-miles of the area’s MBTA bus route and is 2.5-miles from MA Route 24 and 5-miles from Interstate 95.
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.