January 31, 2021 – Stephen Girolamo and Mike McCarthy of Horvath & Tremblay have arranged the sale of 41 Salem Street in Salem, Massachusetts. Horvath & Tremblay represented both the buyer and seller to close the property at a sale price of $1,275,000.
The multi-family investment property is located at 41 Salem Street in Salem, Massachusetts. 41 Salem Street is a three-story residential investment property. The unit matrix consists of one (1), 1-Bedroom/1-Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1-Bathroom units in 5,319 square feet of living area on a .072-acre parcel. All units have updated kitchens with granite countertops and dishwashers. The tenants are responsible for electric and gas heat and the Landlord is responsible for hot water, water, and sewer. The Property is well-located on Salem Street, just over a half-mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.
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.