For Sale, USD 1,250,000
373 Blatchley Avenue, New Haven CT 06513, New Haven, Connecticut, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : 7,716 ft² / 717 m²
Land Size : N/A
Bedroom : 15
Bathroom : 9
Half Bathroom : 0
MLS#: N/A
Property Description
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!
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373 Blatchley Avenue, New Haven CT 06513, United States,Connecticut,New Haven is a 7,716ft² New Haven luxury Multi-Family Home listed for sale USD 1,250,000. This high end New Haven Multi-Family Home is comprised of 15 bedrooms and 9 baths. Find more luxury properties in New Haven or search for luxury properties for sale in New Haven.