May 20, 2020 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 41 Mill Street in Beverly, Massachusetts. Girolamo exclusively represented seller to close the property at a sale price of $625,000, a price per unit of $208,333.
41 Mill Street is a multi-family property, containing 3 units in Beverly, Massachusetts. The property is comprised of three (3), 3-Bedroom/1-Bathroom units in 3,753 square feet of living area on a 0.9-acre corner parcel with off-street parking. 41 Mill Street is well located in a densely populated residential neighborhood adjacent to downtown Beverly at the intersection of Mill Street and Ropes Street. The three-family home is located across from a municipal park and within walking distance to many downtown amenities, area shopping, and public transportation. The property offers convenient access to Routes 1, 1A, 128 and Interstate 95. The property offers significant upside through a programmatic upgrade to the unit interiors and exterior renovations, in a supply-constrained, high barriers to entry rental market.
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.