News: Connecticut
Posted: February 16, 2018
Cawley of United Multi Family brokers $1.3 million sale
Manchester, CT United Multi Family (UMF) brokered the sale of 22 units known as the Pembroke Court Apartments located at 131 Hilliard St. for $1.3 million. Handled by Kurt Cawley of the Boston office, the brick residences were built in 1968 and comprised of all one-bedroom units.
There are onsite laundry facilities and parking in the rear of the property for the tenants. The value-add opportunity presents investors with a stable asset in a strong rental market with the ability to increase rents through unit renovations. Recent capital improvements include a new roof in 2013.
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