August 11, 2020 – Mike McCarthy of Horvath & Tremblay has successfully completed the sale of a 4-unit Multi-Family building in Dorchester, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,325,000, a 4.08% Cap Rate and $331,250 per unit.
42 Moseley Street is a three-story building that contains four (4) total units made up of three (3), 3-Bedroom/1-Bathroom units and one (1), 2-Bedroom/1-Bathroom unit in 4,242 square feet of living area on a 0.049-acre parcel. The Property includes off-street parking for six cars (three tandem parking spaces). 42 Moseley Street is just a mile from the University of Massachusetts Boston campus. The transit-oriented location is just a few hundred yeards from the JFK/UMass MBTA which features service for the Red Line, three Commuter Rail Lines, and three MBTA Bus Routes, as well as the UMass Boston Shuttle. Additionally, the Property is conveniently located just off of Interstate 93 with easy access to Morrissey Boulevard. The opportunity exists to increase income at the property through modernizing and systematically upgrading the units. 42 Moseley Street is in a densely populated, urban in-fill location; an impressive 392,500+ people live within a 3-mile radius of the Property with an average household income of $103,781.
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.