83 Meadow StreetNaugatuck, CT 06770Price: $395,000

Opportunity knocks! This multi-family/commercial property offers tremendous potential for investors, contractors, or owner-occupants looking to build equity through renovation and updates. The property is in need of significant updating, but its flexible layout and income-producing possibilities make it a rare value-add opportunity. Currently configured with three residential units, the property also features a first-floor office space that could potentially be converted into an additional apartment, creating the possibility for four units under one roof (buyer to conduct their own due diligence regarding approvals and zoning requirements). Conveniently located close to downtown, shopping, restaurants, parks, and major commuter routes, this property is ideal for someone with vision looking to maximize rental income and long-term value. Bring your ideas and unlock the full potential of this unique investment opportunity! (Note: Naugatuck is currently undergoing a significant revitalization initiative, and it is believed this property may be within the redevelopment district, potentially making it eligible for grants or state funding opportunities. Buyers and their agents are encouraged to perform their own due diligence regarding redevelopment status and eligibility. Several photos have been virtually staged.)