May 25, 2022 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 6-unit multi-family property in Everett, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,150,000.
The property is located at 196-198 Main Street in Everett, Massachusetts. The property consists of a three-story multi-family building containing a total of six (6) units comprised of four (4), 2-Bedroom/1-Bathroom units, and two (2) 3-Bedroom/1-Bathroom units with 7,554 square feet of living area in 10,348 square feet of total gross area on 0.12 acres of land. Five of the six units have been renovated featuring granite countertops, vinyl plank flooring, stainless steel appliances, and dishwashers. Capital upgrades include new windows, updated electrical, and a newer roof, and all units have either in unit laundry or hookups available. The property is separately metered for gas heat, hot water and electric. The property is located adjacent to a high-density, urban-infill, corridor in Everett. The location offers convenient access to Route 99 (Broadway), Route 1, Route 16, Interstate-93, Assembly Row, Kendall Square and Downtown Boston. 196-198 Main Street is located 1 mile from Gateway Center, anchored by Costco, Home Depot & Target, and from the new Encore Boston Harbor Resort & Casino. Public transportation is readily available on Main Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.
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.