April 21, 2020 – Tim Hines of Horvath & Tremblay has arranged the sale of an eight (8) unit multi-family property in Hartford, Connecticut. Hines exclusively represented the seller to complete the transaction at a sale price of $385,000.
The multi-family property is located at 1155 Broad Street in Hartford, Connecticut. The property consists of a four-story building with a brick exterior and eight (8), 3-Bedroom/1-Bathroom units in 10,700 square feet of living area in 14,263 gross square feet. The property is located on a 0.19-acre lot with upgraded windows, and is separately metered for heat, hot water, and electricity. The property is well located in a densely populated neighborhood south of downtown Hartford. The location is close to Trinity College and offers convenient access to Interstates 84 and 91, is close to the Capital, and is within walking distance to numerous neighborhood amenities and public transportation options. The property offers upside for all eight units by pushing rents to market rates.
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.