News: Front Section
Posted: July 20, 2018
Kelleher and Pentore of Horvath & Tremblay arrange $3.621m sale
Waltham, MA Dennis Kelleher and John Pentore, of Horvath & Tremblay, have arranged the sale of a four building, 16-unit portfolio. The apartment buildings sold for a price of $3.621 million. The properties consisted of 10 two-bedroom units, 3 one-bedroom units and 3 studio’s with off-street parking available for tenants.
The properties are located at 381-383 Crescent St., 19-20 Norumbega Terrace, 177-181 Robbins St. and 252 Ash St., and are all situated in the South Side of town and in close proximity to Moody St.
The assets will provide the incoming owners an excellent value add opportunity in a highly sought after market. Located in Middlesex County, the town is located 9 miles west of Boston. Prominent developments as The Merc at Moody and Main as well as 1265 Main have revitalized downtown and along the 128 Corridor respectively. In addition, the MBTA commuter rail provides transportation into downtown Boston and surrounding communities.
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.
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