November 15, 2024 – Stephen Girolamo of Horvath & Tremblay have successfully completed the sale of a 6-unit multi-Family property in Beverly, Massachusetts. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,400,000.
22 Franklin Place is a multi-family building in Beverly, Massachusetts. 22 Franklin Place is improved by a 2-story multi-family property comprised of six (6) 1-Bedroom/1-Bathroom units with 3,058 square feet on a 0.16-acre parcel. The Property features ample on-site parking, and is separately metered for electricity and heat, which the tenants pay directly. 22 Franklin Place is well located in a densely populated neighborhood in the heart of downtown Beverly. The Property is seconds from Cabot Street and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities. Located 17 miles northeast of Boston, The Property offers convenient access to major area roadways and highways including Routes 1, 1A, 128 and Interstate 95. MBTA bus route 451 stops 500 feet from the Property on Cabot Street providing convenient local access throughout the North Shore including the nearby Commuter Rail Stations. Commuter Rail Service to Boston is available 0.4-miles from the Property at Beverly Depot Station.
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.