Home Industries Real Estate Hartford apartment building sells for $14.2 million

Hartford apartment building sells for $14.2 million

By
Hunter Turpin
-
Rincon 225. Image from LoopNet

An 82-unit apartment building in downtown Hartford was sold for more than $14 million, according to state property records. Known as Rincon 225, the property is located at 225 N. Main St. and was sold by an affiliate of Milwaukee-based Greywolf Partners, which developed the building in 2020. An affiliate of Kewaskum-based Ambroselli Properties was

Already a subscriber? Log in

To continue reading this article ...

Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.

Learn More and Subscribe Now
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this subscriber-only article.

Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
Mail

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.
An 82-unit apartment building in downtown Hartford was sold for more than $14 million, according to state property records. Known as Rincon 225, the property is located at 225 N. Main St. and was sold by an affiliate of Milwaukee-based Greywolf Partners, which developed the building in 2020. An affiliate of Kewaskum-based Ambroselli Properties was the buyer. Selling for $14.2 million, each apartment unit was valued at an average of $173,000. The property's assessed value is $14.35 million, according to Washington County records. Rincon 225 has units ranging from one to three bedrooms and rents ranging from $1,150 to $2,175 per month, according to Apartments.com. Ambroselli Properties and its affiliates own multifamily properties throughout Washington County and Milwaukee County, according to state property records. Ambroselli Properties did not immediately respond to request for comment.

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.

Exit mobile version