In a notable transaction within the multifamily real estate sector, a 16-unit portfolio in Connecticut has been sold for $1.55 million. This sale is particularly significant as it is contiguous with a previously sold 116-unit complex that National Multifamily Corp. managed for the same owner. The transaction underscores the ongoing demand for multifamily properties, reflecting a robust market where investors remain keen on such assets, particularly in densely populated regions.
Key elements of this sale include:
– **Portfolio Details**: The transaction involved a 16-unit multifamily portfolio located in Connecticut.
– **Sale Price**: The properties were sold for $1.55 million, indicating strong investor interest.
– **Contiguity with Previous Sale**: This sale is linked to a 116-unit complex sold earlier for the same owner, showcasing a strategic investment move.
– **Market Demand**: The transaction highlights the sustained appetite for multifamily real estate, especially in urban areas, amidst economic fluctuations.
You can read this full article at: https://wrenews.com/16-unit-connecticut-multifamily-portfolio-sells-for-1-55-million/
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