August 16, 2021 – Tim Hines of Horvath & Tremblay has arranged the sale of a six (6) unit multi-family property in New Britain, Connecticut. Hines exclusively represented the seller to complete the transaction at a sale price of $400,000.
The multi-family property is located at 106 Willow Street in New Britain, Connecticut. The property consists of a three-story building with a brick exterior and six (6), 2-Bedroom/1-Bathroom units in 5,232 square feet of living area in 7,588 gross square feet. The property is located on a 0.15-acre lot with off street parking for six vehicles. 106 Willow Street is separately metered for heat, hot water, and electricity. 106 Willow Street is well-located on a residential street in central New Britain with convenient access to area highways (I-84, and CT Routes 9 and 72), public transportation, and numerous retail amenities. The Property is also located 1 mile from Central Connecticut State University and 11 miles from Downtown Hartford. The property also benefits from strong rental demographics, an impressive 165,800+ people live within 5 miles of the Properties with an average household income of $97,000.
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.