June 13, 2022 – 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 $470,000.
The multi-family apartment building is located at 63-65 Orange Street in Hartford, Connecticut. The three-story, brick building contains six (6) units, consisting of two (2) 3-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units in 6,389 square feet of living area (9,376 square feet of total gross area) on a 0.14-acre parcel. The Property features off-street parking and has a security system. Each unit is separately metered for electricity and gas (heat and hot water), which the Tenants pay directly. The Landlord is solely responsible for water and sewer. The Property is well-located in the Parkville neighborhood in Hartford’s West End, just under 2 miles west of downtown and 2 miles east of West Hartford. The location offers convenient access to Interstate 84, Interstate 91, and US Route 6. CTfastrak’s Parkville Station is just a few hundred yards away from the Property and several other bus routes have stops within walking distance. Parkville is a densely developed, mixed use neighborhood centered around Park Street. The area offers a multitude of retail and entertainment amenities for residents, in addition to several commercial and religious establishments. The Property is within walking distance of the Parkville Market, which is Connecticut’s first food hall.
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.