May 31, 2024 – Spencer Smith and Sean McHale of Horvath & Tremblay have successfully completed the sale of a 4-unit multi-Family property in Providence, Rhode Island. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $510,000.
49 Commodore Street is a multi-family building in Providence, Rhode Island. The three-story building contains four (4) residential units comprised of two (2), 1-Bedroom/1-Bathroom units and two (2), 3-Bedroom/1-Bathroom units with 2,500 square feet of living area in 3,520 square feet of gross area, on a 0.091-acre parcel. The Property also features ample on-site parking for residents. Located in Providence’s Charles neighborhood, 49 Commodore Street is centrally located on an attractive residential side street in the Charles neighborhood and is positioned in the heart of the city. The Property offers convenient access to the Central Business District and a strong employment market, the Providence Train Station (1.5-miles), dominant area retailers (Walmart, Stop & Shop, Savers, Wendy’s and Dunkin’), several area colleges including Providence College (1.2-miles), Brown University (2-miles), and Rhode Island College (2.5-miles). Additionally, RIPTA Bus service is available within 500 feet the Property and provides service to the Providence Train Station and other areas throughout the city. Those commuting to work by car enjoy the benefits of convenient access to the area’s two major highways, I-95 and I-195, as well as US Routes 1, 6, and 44.
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.