February 13, 2024 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of eleven (11) multi-family units in Waltham, Massachusetts. The duo exclusively represented the seller to complete the transaction at a sale price of $1,700,000.
The Property is located at 240 Crescent Street in Waltham, Massachusetts. 240 Crescent Street consists of eleven (11) residential units in 4,000 square feet of living area with three (3) studio units, three (3) 1-Bedroom/1-Bathroom units and five (5) SRO (Single Room Occupancy) units. All units have been renovated with new kitchens and bathrooms as well as updated flooring. Recent capital improvements include renovated common areas as well as a new, asphalt shingle roof. There is an on-site laundry facility for the tenants of the property as well as a single parking space. Located in Waltham’s South Side neighborhood, the location offers unparalleled access to Downtown Waltham, both Brandeis University and Bentley University and just 0.8 miles to the Waltham MBTA Station (Fitchburg Line). Adding to the areas appeal and located steps from the 172-174 Newton, Edison on The Charles is a new, 200 plus unit luxury apartment building offering luxurious finishes and fixtures and enhanced by resort-inspired amenities. 240 Crescent Street provided the rare opportunity to acquire well-located assets in one of the strongest real estate markets in a region that is poised for future growth. The Property is located 10 miles to the west of Boston and 1.6 miles from both I-90 (the “Mass Pike”) and I-95 (Route 128) offering convenient access to Boston, Cambridge, and the Route 128 Technology Corridor.
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.