April 20, 2023 – Tim Hines of Horvath & Tremblay has arranged the sale of a twelve (12) 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 $785,000.
The four-story building located at 26-28 Lawrence Street in Hartford, Connecticut contains twelve (12) 1-Bedroom/1-Bathroom units with 9,825 square feet of living area in 14,755 square feet of total gross area on a 0.11-acre parcel. The Property is well-located in the Frog Hollow neighborhood of Hartford, a predominantly working-class residential area just southwest of Downtown Hartford with convenient access to Interstates 84 and 91, Hartford Hospital, Burns Elementary School, Pope Park & Recreation Center, and Downtown employers. 26-28 Lawrence Street is well-located in the Frog Hollow neighborhood of Hartford. The Property is 500 feet from Park Street, one of the area’s primary commercial thoroughfares, and just 1.2-miles from downtown Hartford. The location offers convenient access to area highways, public transportation and retail amenities on nearby Park Street and Main Street. Additionally, the Property is approximately 0.5-miles from Trinity College and Hartford Hospital.
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.