January 30, 2025 – 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 $775,000.
The three-story brick building located at 1526-1528 Broad Street in Hartford, Connecticut contains six (6), 4-Bedroom/1-Bathroom residential units with 8,511 square feet of living area in 12,284 square feet of gross area on a 0.20-acre parcel of land. The Property also features a newer furnace (replaced 3-years ago). The Property is positioned across the street 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. The building has provided student housing for 14 years and is leased year-round by the Trinity College Squash and Hockey teams during the school year, and interns during the summer months. 1526-1528 Broad Street 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 New Britain Avenue and Washington Street, two of the area’s primary commercial thoroughfares, and just 1.4-mile from downtown Hartford. The location offers convenient access to area highways, public transportation and retail amenities along nearby Park Street and New Britain Avenue. Additionally, the Property is approximately 0.6-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.