February 11, 2025 – Jason Kulik and Sam Peck of Horvath & Tremblay has successfully completed the sale of a four (4) unit Multi-Family Property in Weymouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,050,000.
The Multi-Family Property is located at 28 Pond Street in Weymouth, Massachusetts. 28 Pond Street contains four (4) residential units comprised of two (2), 1-Bedroom/1-Bathroom units and two (2), Studio units with 2,692 square feet of living area in 4,648 square feet of gross area on a 0.2-acre parcel. The three-story building has been well maintained throughout ownership and features an on-site laundry facility, and ten (10) off-street parking spaces. The units are separately metered for electricity which the tenants pay directly, and the Studio units are separately metered for heat, and hot water. The Landlord is responsible for heat and hot water for the 1-Bedroom units, common electric, and domestic water and sewer. The current rents are below market and the opportunity exists to increase rents to market value via programmatic updates to the unrenovated units in a highly desirable, supply constrained market. 28 Pond Street is situated on a tree-lined residential street and is just seconds from Main Street, the area’s primary commuter and commercial corridor. The Property is within walking distance to Columbian Square, offering convenient access to area retailers and restaurants, and is 0.1-miles from an MBTA Bus Stop and 1.5-miles from the South Weymouth MBTA Station with direct service to 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.