November 9, 2023 – Tim Hines of Horvath & Tremblay has arranged the sale of a 33-unit multi-family portfolio in Hartford, Connecticut. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,025,000.
The multi-family portfolio is comprised of 33 units spread across three (3) properties in Hartford, Connecticut. The three property Portfolio is in southern Hartford with one Property in the Frog Hollow Neighborhood in between Trinity College and Interstate 84, one Property in the Barry Square neighborhood in between Maple Avenue and Trinity College and one Property in the South End neighborhood in between Maple Avenue and Interstate 91. In total, the Portfolio consists of thirty-three (33) units made up of eighteen (18), two-bedroom units, and fifteen (15), one-bedroom units. 78 Hamilton Street is a three-story brick building constructed in 1912 and contains six (6), 2-Bedroom/1-Bathroom units with 5,526 square feet of living area in 8,036 square feet of gross area on a 0.19-acre lot. 27 Allen Place is a three-story building constructed in 1929 and contains nine (9), 1-Bedroom/1-Bathroom units with 4,560 square feet of living area in 6,280 square feet of gross area on a 0.21-acre lot with ample on-site parking. 555 Wethersfield Avenue is a three-story brick building constructed in 1928 and contains eighteen (18) units comprised of six (6), 1-Bedroom/1-Bathroom and twelve (12) 2-Bedroom/1-Bathroom units with 17,184 square feet of living area in 25,152 square feet of gross area on a 0.29-acre lot. Each of the Properties in the Portfolio are approximately 1.5 to 1.75-miles from Downtown Hartford and the location offers convenient access to area highways, public transportation, major area employers, and numerous retail amenities.
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.