February 1, 2024 – Ethan Lazar, John Pentore and Dennis Kelleher of Horvath & Tremblay have successfully completed the sale of a 3-unit multi-family property in Worcester, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $775,000.
929 Pleasant Street is a multi-family building in Worcester, Massachusetts. The three-story building contains three (3) units consisting of two (2), 3-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,631 square feet of gross living area in 6,427 square feet of gross area on a 0.10-acre parcel. 929 Pleasant Street features desirable bedroom counts, separate utilities and recent, significant capital improvements including new siding (2022), new windows in units 1 and 3, new front steps and recently painted common areas and porches. Additionally, Unit 1 underwent a gut renovation resulting in condo quality features. Unit 2 has a new boiler and unit 3 has new appliances. There is also laundry available in the basement for tenants of the property. The Property is centrally located along Pleasant Street in a densely populated residential neighborhood in Worcester with excellent access to all the amenities the city has to offer. The Property is seconds from two bus stops along the Pleasant Street bus route (Route 2) offered by the Worcester Regional Transit Authority (WRTA). Worcester Union Station is centrally located with service on the MBTA Framingham/Worcester commuter rail line and also serves as a station for Amtrak, Greyhound, Peter Pan and WRTA bus routes. The Properties also benefit from close proximity to Interstate 290, which connects central Worcester to Interstates 190, 495, and 90, as well as to other area highways. Additionally, MA Route 9 runs through the center of the city, and US Route 20 bisects the southern portion of the city. The Property enjoys close proximity to Worcester’s primary commercial thoroughfares and offers convenient access to an array of “downtown” amenities including Price Chopper, Big-Y, CVS, Walgreens, Rite Aid, Dunkin Donuts, McDonald’s, Burger King, Wendy’s, national banks, and numerous bars, restaurants, cafés and retail. Additionally, the area is home to numerous hospitals and medical centers, colleges and universities, and recreational/entertainment venues.
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.