August 14, 2020 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 4-unit Multi-Family building in Waltham, Massachusetts. The duo represented the seller to complete the transaction at a sale price of $1,300,000, which is $325,000 per unit.
The property consists of a four-unit multi-family building located at 177-181 Robbins Street in Waltham, Massachusetts. The property contains a two story, four family building with 3,926 square feet of living area in 6,256 square feet of gross area on a 0.16-acre parcel. The unit mix consists of four (4), 2-Bedroom/1-Bathroom units. The property, situated in the desirable South Waltham location, features separate utilities in all units including sub-metered water and sewer, off-street parking (4 direct spaces) and in individual washers and dryers in each unit. 177-181 Robbins Street is exceptionally well-located on a tree-lined residential street, just one block from Moody Street, in the heart of Waltham. The location offers a multitude of shopping, dining and entertainments options within a short walking distance. The property is just one block from a bus stop that offers “Express Bus” service to Back Bay and the Financial District in Boston, and local service to the Waltham Commuter Rail Station, just 0.8-miles away. The Property is also just 2-miles away from both Brandeis and Bentley University. An impressive 28,000+ people live within a 1-mile radius of the Property with an average household income of $114,344.
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.