August 27, 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 $380,000.
The multi-family apartment building is located at 21-23 Glendale Avenue in Hartford, Connecticut. The property consists of a three-story building with a brick exterior and six (6) total units comprised of six (6), 2-Bedroom/1-Bathroom units with 6,048 square feet of living area on a 0.17-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. The Property is well-located in Hartford’s Behind the Rocks neighborhood, adjacent to Trinity College and is 2-miles southwest of downtown Hartford. The location offers convenient access to the Hartford Hospital, Interstate 84, Interstate 91, and CTFastrak’s Parkville Station, which is less than 1-mile away from the Property along with several other bus routes that have stops within walking distance. Behind the Rocks is a densely developed, mixed use neighborhood centered around Trinity College, one of the most prestigious liberal arts colleges in the country. The area offers a multitude of retail and entertainment amenities for residents along nearby New Park Avenue, New Britain Avenue and Flatbush Avenue.
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.