March 1, 2024 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a six-unit Multi-Family Property in Waltham, Massachusetts. The duo exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,500,000.
The Property is located at 46 Bolton Street in Waltham, Massachusetts and consists of a three-story brick building with six (6), 2-Bedroom/1-Bathroom units with 4,967 square feet of living area in 5,335 square feet of gross area, on a 0.179-acre parcel. The 6-unit asset has undergone recent capital upgrades including renovated kitchens with quartz countertops, new cabinets, and stainless-steel appliances, new LVP flooring throughout the living rooms and bedrooms, new bathrooms with upgraded tile flooring, new vanities and toilets, and subway tile in the tub/shower enclosures. Additionally, the Property features renovated common areas with new carpeting, an on-site laundry facility and ample off-street parking in the rear of the building. Located in Waltham’s South Side neighborhood, 46 Bolton Street offers unparalleled access to Downtown Waltham, both Brandeis University and Bentley University, and is just 0.7-miles to the Waltham MBTA Station (Fitchburg Line). 46 Bolton Street is centrally located on an attractive residential side street just a few blocks from downtown Waltham and Moody Street and its many vibrant shops, restaurants, and bars. The Property’s central location offers convenient highway access to the major employment centers in Boston, Cambridge, and the Route 128 Technology Corridor. Downtown Boston is located just 10 miles to the east while both I-90 (the “Mass Pike”) and I-95 (Route 128) can be easily accessed within 2 miles of the Property. 46 Bolton Street is a well-located, stabilized asset in one of the strongest real estate markets in a region that is poised for future growth.
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.