March 24, 2023 – 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 to complete the transaction at a sale price of $450,000.
The three-story building contains six (6) units, consisting of five (5) 3-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit in 7,826 square feet of living area (12,172 square feet of total gross area) on a 0.28-acre parcel. The Property includes off-street parking and a new front porch. The Property features large units that are in good condition, ample off-street parking and a new front porch. Additionally, each unit is separately metered for electricity and gas (heat and hot water), which the Tenants pay directly. 497 Edgewood Street is situated in the Northeast neighborhood of Hartford, less than 2 miles northwest of downtown. The location offers convenient access to Main Street, Albany Ave/US Route 44, Interstate 84 and Interstate 91. The location is in close proximity to a multitude of retail and entertainment amenities along Main Street and Albany Ave/US Route 44, in addition to several commercial and religious establishments. The Property is a mile and a half from Dunkin’ Donuts Park, and downtown Hartford provides 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.