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Property Description

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.

Address Map
US
CT
New Haven
Waterbury
06706
Madison
242
0
E0° 0' 0''
N0° 0' 0''
Features
: No
: Hot air, Hot water
: Full
: Shingle
: No
MLS Addon
: Not applicable
: Oven/range, Refrigerator
GPS Friendly
: Public water connected
108
Per Board of Ed
$0
0
: Oil
Mark Mermelstein
EXPC01
eXp Realty
: No/resale
0
1393275
: Public sewer connected
July 2024-June 2025
0
0
0
0
Colonial
RL

Listing courtesy of Mark Mermelstein from eXp Realty

Single Family For Sale

242 Madison, Waterbury, Connecticut 06706

6 Bedrooms
3 Bathrooms
1,880 Sqft
$324,900
Listing ID #24045623
Basic Details
Property Type : Single Family For Sale
Listing ID : 24045623
Price : $324,900
Bedrooms : 6
Baths Total : 3
Bathrooms : 3
Half Bathrooms : 0
Square Footage : 1,880 Sqft
Year Built : 1888
Lot Area : 0.14 Acre
Status : Active
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