January 21, 2021 – Tim Hines of Horvath & Tremblay has arranged the sale of a twelve (12) unit multi-family apartment building in Hartford, Connecticut. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $595,000.
The multi-family apartment building is located at 27-33 Mortson Street in Hartford, Connecticut. The property consists of a three-story building with a brick exterior and twelve (12), 2-Bedroom/1-Bathroom units in 10,752 square feet of living area in 15,781 gross square feet on a 0.28-acre lot. The building is separately metered for electricity, gas heat, and hot water, which the tenants pay directly. The Property also features off-street parking for 13 vehicles. The Property is well-located in the Frog Hollow neighborhood of Hartford, a predominantly working-class residential area just southwest of Downtown Hartford with convenient access to Interstate-84, Hartford Hospital, Burns Elementary School, Pope Park & Recreation Center, and Downtown employers.
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.