July 17, 2023 – Stephen Girolamo and Ethan Lazar of Horvath & Tremblay have arranged the sale of four multi-family units in Fitchburg, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to close the property at a sale price of $650,000.
The multi-family investment property is located at 24-26 Arlington Street in Fitchburg, Massachusetts. The three-story building contains four (4) residential units consisting of two (2), 5-Bedroom/1.5-Bathroom units, one (1), 3-Bedroom/1-Bathroom unit, and one (1), 2-Bedroom/1-Bathroom unit with 6,331 square feet of living space in 8,626 square feet of gross area on a 0.085-acre parcel. Each unit is separately metered for electricity which the tenants pay directly. All of the units have oil fired heat and hot water and the tenants pay for heat in units 1R and 2R; the landlord is responsible for heat in units 1L and 2L. The Landlord is also responsible for hot water, domestic water and sewer and common area electric. The Property is seconds from the intersection of Main Street and Mechanic Street (MA Route 31), one of the area’s primary commuter corridors. The Property is within walking distance of Downtown Fitchburg, and 1-mile from the Fitchburg Train Station (Intermodal Train Station). The building is approximately 1.3-miles from Fitchburg State University. The location offers convenient access to Route 2, Route 2A, Route 12, Route 13, and Route 31. Downtown Fitchburg is a densely developed, mixed use neighborhood centered around Main Street, the Nashua River and the MBTA rail station. The area offers a multitude of retail and entertainment amenities for 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.