March 15, 2023 – Ryan Benton of Horvath & Tremblay has arranged the sale of a 5-unit multi-family building in Marlborough, Massachusetts. Benton exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $805,000.
The multi-family property is located at 72-78 Highland Street in Marlborough, Massachusetts. The two-story building contains five (5) units consisting of five (5), 1+Bedroom/1-Bathroom units with 2,400 square feet of living area in 5,437 square feet of gross area on a 0.48-acre parcel. The Property is well-located on a residential street just 0.4 miles from Main Street in downtown Marlborough. The location offers convenient access to nearby shopping, restaurants, outdoor space, healthcare, and public schools as well as easy access to the Interstates 495, 290 and 90 (the Mass Pike) and US Route 20. The Property is 0.2-miles from the UMass Memorial Health Hospital and is less than 1.3-miles from several area schools including Marlborough High School. Downtown Marlborough features an appealing mix of national retailers and local shops and restaurants. The area offers a blend of necessity retail, services tenants, and an array of dining and entertainment options; popular national chains including Walgreens, Dollar Tree, Dairy Queen, Domino’s and O’Reilly Auto Parts. Additionally, the Post Road Plaza which is anchored by Price Chopper and is also home to Marshall’s, Ocean State Job Lot, Savers and CVS, is less than 1-mile from the Property.
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.