United States Multifamily is pleased to exclusively present Blake Gardens, a 70-unit value-add multifamily community located in New Haven, Connecticut.
Blake Gardens is a brick complex, 17 buildings, two-story, garden style property consisting of a mix of 30 one bedroom, one bathroom apartments and 40 two bedroom, one bathroom apartments with 70,000+/- square feet of gross building area set on 4+/- acres. The property was built in 1963, and since 2021, ownership has invested over $3,000,000 in capital improvements including unit and common area upgrades, landscaping upgrades, and exterior updates.
Blake Gardens provides immediate access to Interstates 95 & 91, Connecticut Route 15, and New Haven’s Metro North & Amtrak Train Station. The property is located within walking distance of Westville center and several parks and restaurants, providing residents with a vibrant work life balance.
Blake Gardens is located within a 5-minute drive of downtown New Haven. New Haven is a world-class city with a diverse, dynamic, and resilient employment base anchored by a burgeoning Biotech and Life Sciences Industry, Yale University, Yale New Haven Hospital, and several other universities and hospitals. New Haven offers tremendous arts, culture, nightlife, and dining opportunities as well.
Blake Gardens presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven renovation premium within the property, while marking existing rents to market levels, and gaining exposure to one of the most dynamic markets in the Northeast.