January 30, 2025 – Tim Hines of Horvath & Tremblay has arranged the sale of a three (3) 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 $642,000.
The three-story brick building located at 92-94 Allen Place in Hartford, Connecticut contains three (3), 3-Bedroom/1-Bathroom residential units with 3,927 square feet of living area in 6,032 squre feet of total gross area on a 0.11-acre parcel. The Property offers on-site parking in the rear of the building. The Property is seconds from Trinity College; the strategic location, large floorplans, and bedroom counts are ideal for student housing and allows each unit to achieve a premium rent, as students look to take advantage of the Property’s proximity to campus. Additionally, the units are fully furnished increasing their desirability to student renters. 92-94 Allen Place is well-located in the Barry Square neighborhood of Hartford. The Property is positioned across the street from Trinity College and is 0.2-miles from Washington Street and 0.5-miles from New Britain Avenue, two of the area’s primary commercial thoroughfares, and just 1.4-miles from downtown Hartford. The location offers convenient access to area highways, public transportation, retail amenities 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.