As the sun sets over the Naugatuck Valley, casting a golden glow on the red-brick facades and tree-lined streets, the buzz of opportunity fills the air.
Investors are turning their gaze toward Waterbury, CT, where up-and-coming neighborhoods are becoming the new hotspots for real estate investment. So, which neighborhoods should savvy investors be eyeing now?
Let's go through what neighborhoods to look at when you're real estate investing in Waterbury.
Bunker Hill
Bunker Hill has seen significant revitalization efforts in recent years. These include infrastructure improvements, community projects, and beautification initiatives. These efforts can increase property values and attract new residents and businesses to the area.
The neighborhood's proximity to major roads and highways provides convenient transportation options for residents commuting to other parts of Waterbury or neighboring cities.
If you want to attract families to your real estate investment, you should definitely consider Bunker Hill. There are a few schools found in the neighborhood, so kids of various ages have education options. Residents in this neighborhood are known to be particularly close-knit, so your potential tenants are likely to stay put for years to come.
East Mountain
East Mountain is known for its scenic views, with some properties offering awesome views of the surrounding area. This natural beauty can be a significant selling point for potential buyers. It can also help you attract renters more easily.
Real estate in East Mountain typically maintains stable property values, with a range of housing options available to accommodate different budgets and preferences. The neighborhood's scenic views and residential appeal can contribute to property appreciation over time.
Don't be afraid to hire property management help with your new East Mountain rental property.
Town Plot Hill
This neighborhood is found on top of Waterbury's hill, which is how it gets its name.
Town Plot Hill offers relatively affordable housing options compared to some other neighborhoods in Waterbury and nearby areas. This affordability can attract first-time homebuyers, young families, and investors looking for properties with growth potential.
It's well known for its Italian-American community, and is home for tons of different amazing restaurants. So, if you're looking to attract foodies to your new rental property, it might be a great choice for you.
Once you've bought a Frost Hill property, make sure you're prepared for what to do next!
Overlook
Overlook is found just north of Downtown, a historical area of Waterbury.
While Overlook may not have seen as much development or revitalization as some other neighborhoods, its residential appeal, community atmosphere, and proximity to amenities suggest potential for property appreciation over time, especially with future improvements or economic growth in the area.
This neighborhood is heavily made up of historical residential properties. That makes it both appealing and a great option when you're looking for rental property investments that will be popular for years to come.
Start Real Estate Investing in Waterbury Today
Now that you know the top Waterbury neighbourhoods for real estate investing, it's time to get started.
Do you want rental property management help for your Waterbury CT property? Axela Management's commitment to transparency helps investors like you succeed.
Contact us today.
