19
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$324,900
Est. payment /mo
6 BD
6 BA
1,880 SqFt
Active
242 Madison Street Waterbury, CT 06706
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Kaitlyn Walsh
Denise Walsh & Partners at William Raveis Real Estate
kw.dwpartners@gmail.com +1(203) 304-2029UPDATED:
02/05/2025 06:02 PM
Key Details
Property Type Multi-Family
Sub Type Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 1,880 sqft
Price per Sqft $172
MLS Listing ID 24071722
Style Units on different Floors,Other
Bedrooms 6
Full Baths 6
Year Built 1888
Annual Tax Amount $5,056
Lot Size 6,098 Sqft
Property Description
Calling all investors! Don't miss this opportunity to acquire a cash-flowing property in a prime location. This house, 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.
Location
State CT
County New Haven
Zoning RL
Rooms
Basement Full
Interior
Heating Hot Air, Hot Water
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Mark Mermelstein • eXp Realty