$329,000 ($175.00 per sqft)

Est. Mortgage $1,749/mo *

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242 Madison Street, Waterbury, CT, 06706

242 Madison Street, Waterbury, CT, 06706
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9 rooms

6 beds

3 Full baths

1888

Colonial

1,880 sqft

Calling all investors! Don't miss this opportunity to acquire a cash-flowing property in a prime location. This single-family home, currently operating as a fully-leased rooming house, generates approximately $4,600 per month in rental income, making it a perfect addition to any investment portfolio. The main floor features a flexible living arrangement with 1 bedroom, living room (currently being used as a second bedroom), a full bathroom, a spacious kitchen, and a large deck overlooking the flat, private backyard-ideal for tenants to relax and unwind. Upstairs, with its separate entrance, you'll find four additional units sharing a bathroom and an enclosed porch, offering tenants both comfort and privacy. The basement studio provides even more rental space, adding to this property's income stream. You can occupy one of the units and enjoy the comfort of a private residence while renting out the other units. This unique setup allows you to live for free while building equity and generating consistent cash flow. Key updates include a new front porch and a 10-year-old roof, ensuring minimal future maintenance costs.

Status:

Active

Type:

Single-family residential

Zoning:

RL

Heating:

Hot Air, Hot Water

Cooling:

None

Basement:

Full

Acreage:

0.14

Est. Taxes:

$5,056

Assessment

$102,270

Lot Description:

N/A

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

94

Appliances:

Oven/Range, Refrigerator

MLS #:

24045623

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Mark Mermelstein, eXp Realty Email: mmerms@gmail.com