Hines of Horvath & Tremblay arranges sale of 30-unit multi-family portfolio for $5.15m

Bristol, CT Tim Hines of Horvath & Tremblay has arranged the sale of a 30-unit multi-family portfolio. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.15 million. 

The multi-family portfolio is located at 48, 60 and 122 High St. The multi-story buildings contain 30 total units comprised of seventeen 2-bedroom/1-bathroom units, three 3-bedroom/1-bathroom units, four 1-bedroom/1-bathroom units, and six studio units with a combined 25,505 s/f of gross living area and 38,504 s/f of gross area. The portfolio is spread across 1.55-acres of land on three separate parcels and offers off-street parking. The portfolio is positioned within a designated Opportunity Zone in Bristol, Conn., providing attractive long-term tax advantages for owners. The properties feature a desirable and efficient unit mix designed to appeal to a broad renter base, supporting steady occupancy and durable income. Residents benefit from dedicated off-street parking, a valuable convenience in the neighborhood, as well as in-unit washers and dryers, an increasingly sought-after amenity that enhances tenant satisfaction and drives premium rental potential. 48, 60, & 122 High St. are located near downtown, offering visibility, walkability, and connectivity to the area’s primary commercial and residential corridors. The properties benefit from immediate access to Rte. 72 and Rte. 6, providing links to the broader Central Connecticut region, including New Britain, Hartford, and the Farmington Valley.

Horvath & Tremblay is one of the most active and successful investment real estate brokerage firms in the United States. 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.