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$ 395,000
Est. payment /mo
New
83 Meadow Street Naugatuck, CT 06770
2 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24174045
Full Baths 2
Year Built 1900
Annual Tax Amount $8,991
Lot Size 3,484 Sqft
Property Description
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.)
Location
State CT
County New Haven
Zoning DD
Interior
Heating Baseboard, Radiator, Zoned
Cooling Window Unit
Exterior
Utilities Available Electric, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Laura Rose • RE/MAX RISE
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