373 Blatchley Avenue
New Haven,
Connecticut
06513
- For Sale
- 15 Bedrooms
- 9 Full Baths
- 7716 SqFt
- Year Built 1910
- Multi Family
- ML# 24041226
Property Details
Overview
Investor's Dream! This rare 9-unit multifamily property in the heart of Fair Haven presents an incredible opportunity for investors seeking value-add potential and significant upside. Each oversized unit features ample natural light, along with updated kitchens and bathrooms. Some units are equipped with high-efficiency Navien Systems, ensuring lower operating costs. All utilities are separate and tenant-paid, which enhances cash flow potential. With several units rent-ready and actively being marketed, market rent projections in the area show excellent returns-1-bedroom units renting for $1, 350/month and 2-bedrooms for $1, 600/month. This property is primed for immediate cash flow with significant upside. The current highest closed comparable sale within 2 miles is an 8-unit building that sold for $1.88M, proving the strength of the local market. Located just minutes from State St, I-91, I-95, and Yale University, this property is ideally situated for tenants who want easy access to all that New Haven has to offer. Also, given the large square footage, high demand for rental housing, and desirable location, this asset offers substantial room for appreciation through renovations, rent increases, or leasing out the remaining vacant units.Don't miss out on this unique chance to invest in a thriving market with value-add opportunities and strong returns!
Key Facts
- •SqFt: 7716.00
- •Style: Units on different Floors
- •Lot Size: 0.14
- •Lot Sq Ft: 7716
- •Zoning: RM2
- •Construction Materials: No/Resale
- •Building Size: 7716
- •Parking Facilities: None
- •Waterfront Desc: Not Applicable
- •Bedroom: 15
- •Full Bath: 9
- •Heat: Hot Water
- •A/C: None
- •Water: Public Water Connected
- •Sewer: Public Sewer Connected
Listing Information provided courtesy of
Berkshire Hathaway NE Prop.
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