373 Blatchley Avenue
New Haven, Connecticut

Description:

This rare 9-unit multifamily offers tremendous value-add potential and strong cash flow upside. Each oversized unit is filled with natural light and features updated kitchens and baths, with several equipped with high-efficiency Navien systems for reduced operating costs. All utilities are separate and tenant-paid, maximizing income. Several units are already rent-ready and marketed-market comps show 1-bedrooms renting for $1,350/month and 2-bedrooms for $1,600/month. The local market is strong, with a recent 8-unit sale nearby closing at $1.88M. Prime location just minutes to State Street, I-91, I-95, and Yale University keeps demand high. With large square footage, solid rental demand, and room for renovations or lease-up, this property is poised for immediate returns and long-term appreciation. Don't miss this rare chance to invest in a thriving New Haven market!

Listing Courtesy of Century 21 AllPoints Realty