June 3, 2021 – Tim Hines of Horvath & Tremblay has arranged the sale of a six (6) 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 $300,000.
The multi-family apartment building is located at 76-78 Sterling Street in Hartford, Connecticut. The property consists of a three-story building with a brick exterior and six (6), 2-Bedroom/1-Bathroom units with 6,324 square feet of living area on a 0.13-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 and has updated kitchens and bathrooms. The Property is well-located in Hartford’s Upper Albany neighborhood, less than 1.25-miles from Hartford’s central business district, and offers convenient access to Interstate 84, Interstate 91, and US Routes 44 and 6. Keney Park (Hartford’s largest park) is just 1-mile from the Property and several bus routes have stops within walking distance. The Property also enjoys convenient access to Saint Francis Hospital (0.5-miles away) and the University of Hartford (2-miles away).
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.