October 22, 2024 – Ethan Lazar, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 7-unit multi-family property in Fitchburg, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,375,000.
105 Blossom Street is a multi-family building in Fitchburg, Massachusetts. The three-story building contains seven (7) residential units consisting of six (6), 4-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 10,631 square feet of living space in 12,828 square feet of gross area on a 0.18-acre parcel. Each unit is separately metered for heat, hot water, and electricity. The water & sewer is sub-metered and six (6) of the seven (7) units reimburse the landlord for usage. 105 Blossom Street is down the street from Main Street and Boulder Drive, Downtown Fitchburg’s primary commuter corridors. The Property is just 0.3-miles from the Fitchburg Train Station (Intermodal Train Station) and 0.4-miles from Fitchburg State University. The location offers convenient access to Route 2, Route 2A, Route 12, Route 13, and Route 31. Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station. The area offers a multitude of retail and entertainment amenities for residents and is 25 miles north of Worcester and 45 miles northwest of 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.