December 2, 2022 – Tim Hines of Horvath & Tremblay has arranged the sale of two multi-family Properties in Hartford, Connecticut. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,100,000.
The two Properties are located at 18-20 South Street and 719-725 Wethersfield Avenue in Hartford, Connecticut. 18-20 South Street is a 3-story, brick building, constructed in 1905. The property contains a total of six (6), 2-Bedroom/1-Bathroom units in 7,341 square feet of living area on a 0.34-acre parcel of land with off-street parking for 18 Vehicles. The Property is well-located in a densely populated residential neighborhood in Hartford’s south-end. The property is 250 feet from the intersection with Wethersfield Avenue, the area’s primary commercial thoroughfare. The Property is 2-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. 719-725 Wethersfield Avenue is a 3-story, brick building, constructed in 1900. The property contains a total of twelve units consisting of two (2) retail suites and ten (10), 1-Bedroom/1-Bathroom units in 7,688 square feet of living area (8,637 square feet of gross area) on a 0.18-acre corner parcel of land. The Property is well-located in a densely populated neighborhood in Hartford’s south-end. The property is situated at the intersection of Wethersfield Avenue, the area’s primary commercial thoroughfare, and South Street. The Property is 2-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.