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242 MADISON ST WATERBURY, CT 06706
- Single Family Home / Resale (MLS)
Property Details for 242 MADISON ST, WATERBURY, CT 06706
Features
- Price/sqft: $175
- Lot Size: 0.14 acres
- Total Rooms: 9
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bathroom 3
- Stories: 2
- Roof Type: Asphalt
- Heating: Hot Water Heating
- Construction Type: Frame
- Exterior Walls: Combination
Facts
- Year Built: 01/01/1888
- Property ID: 918926659
- MLS Number: 24045623
- Parcel Number: WBRY M:0439 B:0493 L:0129
- Property Type: Single Family Home
- County: New Haven
- Zoning: RL
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Calling all investors! Dont 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, youll 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 propertys 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.
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Property Brokerage:
eXp Realty of CT, LLC
1266 E. Main Street, Suite 700R
Stamford
CT
6902
Copyright © 2024 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.