New Listing - 09/18/2024
242 Madison Street, Waterbury, CT, 06706
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:
0
Appliances:
Oven/Range, Refrigerator
MLS #:
24045623
Community Info
School Info
Walk Score
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Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Mark Mermelstein, eXp Realty Email: mmerms@gmail.com