October 25, 2024 – Sam Peck and Jason Kulik of Horvath & Tremblay have successfully completed the sale of an 8-unit multi-family property in Brockton, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $850,000.
10 Central Square is a multi-family building in Brockton, Massachusetts. The Property consists of two abutting three-story buildings containing eight (8) residential units comprised of three (3), 2-Bedroom/1-Bathroom units, three (3), 1-Bedroom/1-Bathroom units, and two (2) Studio units with 5,784 square feet of living area in 7,510 total gross square feet on a 0.14-acre parcel of land. In-place rents are below the current market rates; the opportunity exists to upgrade unit interiors, common areas and exteriors to drive rental rates in an urban-infill, high demand/supply constrained residential market. 10 Central Square is well-located in a renter-dominated market and is fully occupied with low historical vacancy. There is a limited supply of multi-family property in Plymouth County with a high demand for rental units. The Property is situated in Downtown Brockton and is 1-mile from the Brockton MBTA Commuter Rail station. The location offers tenants convenient access to area shopping (Walmart, Stop & Shop, Market Basket, Shaws, Aldi, Walgreens, CVS) several options for restaurants and bars, and convenient access to the area’s major roadways. The Property is also close to several area schools including Brockton High School and Massasoit Community College.
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.