373 Blatchley Avenue
$1,250,000
15
9
7,716
7,716
$162
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,...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!
- Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.P: (860)-215-3634 C: (860)-215-3634 mulveylisa@gmail.com
- Listed by Molly E Bradbury • Berkshire Hathaway NE Prop.P: (860)-633-3674 C: (860)-878-8141 molly.lisacozziteam@bhhsne.com
Property Details for 373 Blatchley Avenue
Basement Description
Full, Unfinished, Shared Basement
Direct WaterfrontNo
NeighborhoodN/A
StyleUnits on different Floors
Garage Parking InfoNone
Swimming PoolNo
LISTING UPDATED: 11/04/2024 01:09 PM
Property Details for 373 Blatchley Avenue
Status | Active |
---|---|
MLS # | 24041226 |
Days on Market | 92 |
Taxes | $17,833 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5 Family+ |
Year Built | 1910 |
Lot Size | 0.14 AC / 6,098 SF |
County | New Haven County |
Building Information for 373 Blatchley Avenue
Stories-Residences9Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF
Property Information for 373 Blatchley Avenue
Property History for 373 Blatchley Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 373 Blatchley Avenue
Taxable ValueLand$32,060Additions$431,130Total$463,190
Tax Record2024$17,833 ($1,486 / month)
Home Facts
Baths9Total Finished SqFt7,716 SqFtAbove Grade Finished SqFt7,716 SqFtStories3Lot Size6,037 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRM2CountyNEW HAVENAPNNHVN M:168 B:0780 L:03200
Schools near 373 Blatchley Avenue
This home is within New Haven School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
Lincoln-Bassett School PublicPK to 6 | ||
Cooperative High School Public9 to 12 | ||
Wexler/Grant Community School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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