32 Greenwood Street
Naugatuck, Connecticut

Description:

Exceptional value-add opportunity at 32 Greenwood St in Naugatuck, CT. This 8-unit property is perfectly positioned for a full reposition, offering a rare chance to take control of a mostly vacant building and maximize returns. The current unit mix consists of one-bedroom and two-bedroom units, with the ability to convert additional units into two-bedrooms to significantly increase rental income and overall asset value. The majority of units have been vacated, and the property will likely be delivered with minimal occupancy-allowing for a clean, efficient renovation and lease-up strategy without the challenges of tenant turnover. This is a high-upside asset with strong rental potential and significant equity to be created, offering investors the opportunity to step into a scalable project and fully control the reposition from day one.

Listing Courtesy of Social & Co Realty