News: Front Section
Posted: March 12, 2021
Kulik of Horvath & Tremblay facilitates $1.925 million portfolio sale
Whitman, MA Jason Kulik of Horvath & Tremblay has completed the sale of a four building, 18-unit multifamily portfolio. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $1.925 million.
The portfolio consists of four buildings located at 55-57 Pleasant St., 16-18 Reed Place, 250 South Ave. and 155 Broad St. The 18-units are centered around the Whitman MBTA Commuter Rail Station on the Plymouth/Kingston Line. In total, the properties consisted of 12 one-bedroom units, three studio units and three, two-bedroom units with off-street parking available for tenants of the properties.
The portfolio provided a rare opportunity to acquire a critical mass of closely located, value-add, multifamily properties in a supply-constrained rental market. The properties are located less than 1/3 mile from the Whitman Train Station and enjoy close proximity to the commercial center of town which offers an abundance of shopping, restaurant and outdoor recreation amenities.
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