March 18, 2022 – Tim Hines of Horvath & Tremblay has arranged the sale of a multi-family property in Hartford, Connecticut. Hines exclusively represented the seller to complete the transaction at a sale price of $900,000.
The multi-family property is located at 5 Warner Street Extension in Hartford, Connecticut. The Property is comprised of two adjacent two-story buildings with a total of twelve (12), 2-Bedroom/1-Bathroom units with 8,960 square feet of living area in 9,104 square feet of total gross area on a 0.41-acre parcel. The Property offers ample on-site parking for residents and guests as well as an on-site laundry room. Each unit is separately metered for electricity and gas heat and hot water, which the Tenants pay directly. The Landlord is responsible for domestic water and sewer. One of the buildings features a new roof, updated units and newer boilers and hot water heaters. Nine of the twelve units have had cosmetic updates to the kitchens, appliances, and flooring. 5 Warner Street Extension is well-located on a quiet tree-lined dead-end street in a densely populated residential neighborhood in Hartford’s south-end. The property is 400 feet from the intersection with Franklin Avenue and 0.25-miles from Wethersfield Avenue, the area’s two primary commercial corridors. The Property is 1.5-miles from downtown Hartford, and the location offers convenient access to area highways, public transportation and retail amenities on nearby Wethersfield Avenue and Franklin 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.