Submitted by Will_delete_soon78 t3_124jym2 in Connecticut

Thinking about buying an investment property here in 2-3 years.

Are there many people wanting to rent here?

How are the schools?

What are the dangerous areas to avoid?

How much is rent?

What would draw people to NB? I know there area a few colleges. Is there a good night life?

Any information would be helpful!

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TheDudeMaintains t1_jdzkh18 wrote

I grew up in NB and also lived there (rented) as an adult. I live in a neighboring town and frequent NB businesses by choice/preference.

NB as a town has been slowly improving and continues to improve, but in my experience, the rent ceiling will be low in relation to neighboring towns. I won't comment on specific rents as my info would be a little out of date, but historically, you can get a lot of bang for your buck (as a renter).

Schools are dismal, mostly NBHS, but the lower schools aren't great either.

East Street/North Street areas are bad. Downtown has some shenanigans but has been steadily improving. The CCSU area and the West End are the nicer parts of town.

Restaurants and a couple of breweries bring in a lot of outside visitors. There is a vibrant Polish district with a ton of grocery stores and services for the Polish-American community. There are also some really good Puerto Rican restaurants as well as a couple of Middle Eastern joints in addition to the usual staples.

CCSU area is great for an income-generating property (college students), but the barrier to entry will be tougher than elsewhere in town.

My advice would be to spend some time and money in town and see for yourself.

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danaaa405 t1_jdzmjmp wrote

If you need a realtor lmk! The good thing for rentals is that CCSU is there so you will attract students if you’re close to the school, lower income area generally so possibly more renters, another plus would be the properties are usually less expensive. The negatives are that the crime statistics are high for the area, and schools are rated lower than neighboring areas.

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bltkmt t1_jdzrdiz wrote

There is a Taco Bell/Long John Silver there.

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DJ_DD t1_je0xe6v wrote

Large amount of renters. Also a lot of college kids.

Schools probably not so good.

Rent seems about average for central ct area

It’s centrally located that’s what draws people here and it costs less than Hartford?

It’s not a bad spot to live but not a great spot. Been here 5 years so far and I’m ready to move somewhere quieter.

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