242 Madison Street

Waterbury, Connecticut 06706

Status
For Sale
Square Feet
1,880
Beds
6
Price
$329,000
Type
Single Family For Sale
Garages
Baths
3
MLS
24045623

Price

$329,000

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Interior Details

Interior Size
1,880 Sq Ft
Bedrooms
6
Bathrooms
3
Rooms Total
Garage

Exterior Details

Lot Size
0.14 Acres
Roof
Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
None

Other Information

Property Tax
$5,056
Assessed Value
$102,270
Elementary School
Per Board of Ed
Middle School
NULL
High School
Per Board of Ed

About Property

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.
Listed by eXp Realty, Mark Mermelstein. Data sourced from SmartMLS


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