November 12, 2024 – William Peck of Horvath & Tremblay has arranged the sale of a 10-unit multi-family property in Brattleboro, Vermont. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $775,000.
The multi-family property is located at 23 S Main Street in Brattleboro, Vermont. The Property is a three-story multi-family building containing ten (10) residential units comprised of five (5), 1-Bedroom/1-Bathroom units and five (5), 2-Bedroom/1-Bathroom units with 8,032 square feet of living area in 8,578 square feet of gross area on a 0.23-acre parcel. With below-market rents, the opportunity exists to upgrade the exterior and common area of the building and the unrenovated unit interiors to increase rental rates in a highly desirable residential market positioned in southeastern, Vermont. 23 S Main Street is located on a quiet street in a residential neighborhood in the center of Brattleboro, Vermont. The Property is positioned along Main Street and is one block from Canal Street, one of the area’s primary commercial and commuter corridors and enjoys convenient access to the town’s restaurants, schools, and numerous parks and recreation areas. Additionally, the Property is close to area highways (VT Route 9 and Interstate 91) and is 19-miles from Keene, New Hampshire and Greenfield, Massachusetts, the area’s largest cities which provide access to more restaurants and shopping as well as larger retailers, several grocery stores, and higher education centers.
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.