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

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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.
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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.

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