May 18, 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 and procured the buyer to complete the transaction at a sale price of $395,000.
The three-story brick building located at 39-41 Clifford Street in Hartford, Connecticut contains six (6) residential units comprised of four (4) 2-Bedroom/1-Bathroom Units and two (2), 3-Bedroom/1-Bathroom units with 6,516 square feet of living area in 9,552 square feet of total gross area on a 0.17-acre parcel. The Property also features off-street surface parking as well as a four-car garage. Each unit is separately metered for electricity and gas heat and hot water, which the Tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. The Property is well-located in the South End neighborhood of Hartford, a predominantly working-class residential area 2-miles south of Downtown Hartford with convenient access to Interstates 84 & 91, US Route 5, CT Route 99, Hartford Hospital, Trinity College, Brainard Airport, Goodwin Park, and Downtown employers. The Property is situated along Clifford Street and is 500 feet from Maple Avenue, 0.5-miles from Franklin Avenue and 0.7-miles from Wethersfield Avenue, all of which offer convenient access to a multitude of retail and entertainment amenities. Public transportation along the municipal bus line is 400 feet away on Broad Street and is also available a short walk away on Campfield Avenue. Additionally, Hartford’s Union Station is just 2-miles from the Property. The Property is less than 0.5-miles from the Trinity College campus.
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.