For Auction
Asset Snapshot
Offering Summary
RealINSIGHT Marketplace and CBRE are pleased to present the opportunity to aquire the South Marshall Apartments, a 48-unit, multifamily property strategically located in Hartford’s west end. Currently under a Housing Assistance Payment (HAP) contract and ~85% occupied, the unit mix is split evenly between highly desired two and three bedrooms, in a neighborhood dominated by studio, single and two bedroom units.
South Marshall Apartments is 0.15 miles to Farmington Avenue, the main retail corridor to the Central Business District of Hartford, providing immediate access to public transportation, grocery stores, restaurants and banking options. The Property also benefi ts from immediate access to the new CT Fastrak Bus Station, which is expected to spur additional transit oriented development. South Marshall Apartments offers an investor the opportunity to acquire a value-add multifamily property with minimal turnover costs between tenancies and strong historical occupancy.
Investment Highlights
Upon Transfer of the Property, HUD Approval will be required to continue the HAP Contract. Contact listing broker for details.
Due Diligence
Cooperating Broker Fee
Eligible brokers may receive a 1% fee when representing the winning bidder.
Learn more in the FAQsPlatform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
