November 21, 2023 – Tim Hines of Horvath & Tremblay has arranged the sale of a six (6) unit multi-family apartment building in Hartford, Connecticut. Hines represented the seller and procured the buyer to complete the transaction at a sale price of $385,000.
The three-story brick building located at 535-537 Zion Street in Hartford, Connecticut contains a total of six (6), 2-Bedroom/1-Bathroom units. The well-maintained brick building features 5,364 square feet of living area on a 0.13-acre parcel of land. The Property also features on-site parking. The Property offers significant upside potential through improved management and programmatic upgrades to unit interiors and common areas of the building. The Property is well-located in the Frog Hollow neighborhood of Hartford. The Property is 0.3-miles from Park Street, one of the area’s primary commercial thoroughfares, and just 1.4-miles from downtown Hartford. The location offers convenient access to area highways (Interstates 84 and 91), public transportation (municipal bus lines & Union Station), and retail amenities on nearby Park Street and Main Street. Additionally, the Property is approximately 0.3-miles from Trinity College and 0.8-miles from 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.