Homes for sale - 373 Blatchley Avenue, New Haven, CT 06513

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Akiba Watts

soldbyakiba@gmail.com +1(475) 256-8828

$ 1,250,000

Est. payment | -/mo

15 Beds

9 Baths

7,716 SqFt

Save

$ 1,250,000

Est. payment | -/mo

Save

15 Beds

9 Baths

7,716 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 7,716 sqft

Price per Sqft $162

MLS Listing ID 24041226

Style Units on different Floors

Bedrooms 15

Full Baths 9

Year Built 1910

Annual Tax Amount $17,833

Lot Size 6,098 Sqft

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!

Location

State CT

County New Haven

Zoning RM2

Rooms

Basement Full, Unfinished, Shared Basement

Interior

Heating Hot Water

Cooling None

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Gable,Tile

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Beth Diloreto • Berkshire Hathaway NE Prop.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(475) 256-8828

soldbyakiba@gmail.com

373 Blatchley Avenue New Haven, CT 06513