Cambridge, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of two multi-family properties in the Cambridge and Somerville area for $3.05 million.
The first property, 23 Cottage Ave., is located in the highly desirable Davis Sq. neighborhood of Somerville. Davis Sq. has become a sought-after location for young professionals and families to live and work. The downtown corridor is lined with restaurants, cafes, and entertainment venues, blending the convenience of urban living with residential appeal. The property offers a desirable unit-mix of two, three and four bedroom units with 2 garage spaces and 4 additional tandem parking spaces. All units are separately metered for gas heat, hot water and electricity. Cottage Ave. is located close to the Davis Sq. T Station and Tufts University.
The second property, 44 Clay St. in North Cambridge, is situated in a transit-oriented location, close to the MBTA Alewife Red Line station and has access to downtown Boston as well as Rte. 2. Located within a short walking distance is Massachusetts Ave., which extends from Porter Sq. to the Arlington border and features a variety of local shops, eateries, farmers markets, hip taverns, and young families. The property consist of identical three bedroom, one bathroom layouts with 3 detached garage parking spaces. All units are separately metered for gas heat, hot water and electricity.
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 and mixed-use properties. 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.
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