May 7, 2024 – 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 $390,000.
The three-story brick building located at 24 Park Terrace in Hartford, Connecticut contains six (6) residential units comprised of one (1), 3-Bedroom/2-Bathroom unit, two (2), 2-Bedroom/1-Bathroom units, and three (3) Studio units with 5,442 square feet of living area in 7,893 square feet of gross area on a 0.21-acre parcel of land. The Property also features on-site parking and a two-car garage. 24 Park Terrace is well-located in the Frog Hollow neighborhood of Hartford. The Property is 500 feet from Capitol Avenue and 0.3-miles from Park Street, two of the area’s primary commercial thoroughfares, and just 1-mile from downtown Hartford. The location offers convenient access to area highways, public transportation and retail amenities along nearby Park Street, Main Street and Farmington Avenue. Additionally, the Property is approximately 1-mile from Trinity College 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.