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$1,250,000 USD
373 Blatchley Avenue
New Haven, Connecticut 06513
USA
New Haven, Connecticut 06513
USA
716.816 m2 ::
7,716 sqft
Commercial for Sale, Multi-Family Home
Sale price per sqm: 1,743.76
Tax: 17,833 USD
Remarks:
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 not rented units. Don't miss out on this unique chance to invest in a thriving market with value-add opportunities and strong returns!
Features:
- Year Built: 1910
Location:
373 Blatchley Avenue, New Haven, Connecticut 06513, USA
Listed By CENTURY 21 AllPoints Realty
The Commercial for Sale, Multi-Family Home located at 373 Blatchley Avenue, New Haven, Connecticut 06513, USA is currently for sale. 373 Blatchley Avenue, New Haven, Connecticut 06513, USA is listed for $1,250,000 USD. This property has 7,716 sqft. If the property located at 373 Blatchley Avenue, New Haven, Connecticut 06513, USA isn't what you're looking for, search Connecticut Real Estate to see other Commercial For Sale in New Haven.