May 1, 2023 – Tim Hines of Horvath & Tremblay has arranged the sale of a multi-family property in Hartford, Connecticut. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $475,000.
The multi-family property is located at 149-151 Barbour Street in Hartford, Connecticut. The Property is comprised of a three-story brick building containing a total of six (6), 3-Bedroom/1-Bathroom units with 6,248 square feet of living area in 8,820 square feet of gross area on a 0.22-acre parcel. The Property offers ample on-site parking in the rear of the building. Each unit is separately metered for electricity, and gas heat and hot water, which the Tenants can pay directly. The landlord is responsible for domestic water and sewer. The Property is well-located on a tree-lined residential street in the North End neighborhood of Hartford. The Property is 1.5-miles from downtown Hartford, and the location offers convenient access to major roadways (Albany Avenue/US Route 44 and Main Street), area highways (Interstates 84 & 91), public transportation, numerous public schools, parks, retail, and entertainment amenities. Upper Albany is a densely developed, residential and commercial neighborhood centered around Albany Avenue/US Route 44, the area’s primary commercial corridor. The area is home to numerous public schools, parks, retail shops, and entertainment amenities for residents including the Xfinity Theatre (Connecticut’s largest live music venue) and the new Dunkin Donuts Park (home to the Hartford Yard Goats, a minor league baseball team).
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.