242 Madison Street

Waterbury CT 06706

1880 sq. ft.

0.14 ac.

Single-Family

Currently for sale - view listing

Overview

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.