November 18, 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 $430,000.
The multi-family apartment building is located at 33-35 Bethel Street in Hartford, Connecticut. The three-story, brick building contains six (6) units, consisting of four (4) 3-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1-Bathroom units in 5,916 square feet of living area (8,650 square feet of total gross area) on a 0.12-acre parcel. The Property includes off-street parking and updated kitchens and bathrooms. The Property is well-located near major roadways (Main Street and Albany Ave/US Route 44) in the Clay Arsenal neighborhood of Hartford. The location is within close proximity to numerous retailers and restaurants, S.A.N.D Elementary School, and major highways, including Interstates I-91 and I-84. Downtown Hartford, just 1 mile away, offers an extensive array of dining and entertainment options, including the XL Center and Xfinity Theatre.
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.