October 26, 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 $400,000.
The multi-family apartment building is located at 92-94 Campfield Avenue in Hartford, Connecticut. The property consists of a three-story building with six (6) total units comprised of six (6), 2-Bedroom/1-Bathroom units with 4,944 square feet of living area in 7,398 square feet of total gross 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 and a four (4) car garage. 92-94 Campfield Avenue is well-located in a densely populated residential neighborhood in Hartford’s south-end. The property is positioned at the intersection of Campfield Avenue and Bushnell Street and is 500 feet from the intersection with Maple Avenue, one of the area’s primary commercial thoroughfares. The Property is 1.75-miles from downtown Hartford, and the location offers convenient access to area highways, public transportation and retail amenities on nearby Maple, Wethersfield and Franklin Avenues. The Property also provides convenient access to Interstates 91 and US Route 5, Hartford Hospital, Trinity College, Brainard Airport, Goodwin Park, and Downtown employers.
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.