$1,250,000 ($162.00 per sqft)

Est. Mortgage $6,321/mo *

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373 Blatchley Avenue, New Haven, CT, 06513

373 Blatchley Avenue, New Haven, CT, 06513
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42 rooms

15 beds

9 Full baths

1910

Units on different Floors

7,716 sqft

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!

Status:

Active

Type:

Multi-family

Units:

9

Zoning:

RM2

Heating:

Hot Water

Cooling:

None

Basement:

Full, Unfinished, Shared Basement

Acreage:

0.14

Est. Taxes:

$17,833

Assessment

$463,190

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

122

MLS #:

24041226

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lisa Cozzi, Berkshire Hathaway NE Prop. Email: mulveylisa@gmail.com