HARTFORD – Titus Real Estate Group of New Canaan is selling a mixed-use apartment buildings in the Barry Square neighborhood for $925,000, according to the broker Horvath & Tremblay.
The property is a three-story brick building that contains 12 units comprised, including one that is commercial 11 that are residential. Of the apartments, there are 7, two-bedroom/1-bathroom units, 3, one-bedroom/1-bathroom units, and 1 studio with 9,951 square feet of living area in 13,905 square feet of gross area on a 0.16-acre parcel.
1916-1918 Broad Street is in a densely populated residential neighborhood that is near Maple Avenue, New Britain, Franklin, and Wethersfield avenues, the area’s primary commercial corridors. Also, the property is 0.6-miles from Trinity College, 1.85-miles from downtown Hartford, and offers convenient access to area highways, public transportation, retail amenities, and major area employers.
With below-market rents, there is the opportunity to increase rents to market rates and significantly increase the income of the property, according to Horvath & Tremblay.
The last time the property changed hands was in December 2018 when Emmanuel Rigas sold it to Titus Real Estate for $725,000.
