December 8, 2023 – Dennis Kelleher, John Pentore and Spencer Smith of Horvath & Tremblay have successfully completed the sale of a nine (9) unit Multi-Family Property in Fall River, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $925,000.
The Property is located at 163 Winter Street and is improved by a three-story building containing nine (9), 1-Bedroom/1-Bathroom units with 5,714 square feet of living area in 8,702 square feet of gross area on a 0.21-acre parcel with eleven (11) on-site parking spaces. Since acquisition in 2018, 163 Winter has received significant capital improvements. Six (6) of the units have been renovated, featuring updated kitchens and bathrooms. The property also has new, replacement windows, as well as a new, asphalt shingle roof. The Landlord currently pays for all utilities. The Property is well-located in a highly desired, densely populated residential neighborhood. The Property is positioned along Winter Street and enjoys close proximity to the Charlton Memorial Hospital, and to the future Fall River Train Station (MBTA – Stoughton Line) which is scheduled to open in 2024. Fall River is also home to two branches of UMASS Dartmouth and the Bristol Community College. The location offers convenient access to the area’s major roadways, public transportation, and numerous retail amenities.
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.