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22
Photos
242 Madison Street, Waterbury, CT 06706
$329,000 Asking Price
$---/mo Est. Payment Get Prequalified »
6
beds
3
baths
1,880
sqft
Built in
1888
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.
Features & Amenities
Interior
- Appliances:
- Oven/Range,Refrigerator
- Basement:
- Full
- A/C:
- None
- Heating:
- Hot Air,Hot Water, Oil
- Fireplace:
- Fireplaces: 0
Exterior
- Style:
- Colonial
Construction
- Roofing:
- Shingle
Location
- County:
- New Haven
Lot
- Zoning:
- RL, 1393275
Utilities
- Water:
- Public Water Connected
- Sewer:
- NotConnected
This listing courtesy of:
eXp Realty, Mark Mermelstein
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Waterbury, CT
Housing
- Number of Units
- 48,246
- Median Home Value
- $137,335
- Median Rent
- $819
56.82% of housing units are renter occupied.
8.23% are vacant.
Commute
- Car
-
80.29%
- Public Transportation
-
3.85%
- Walk to Work
-
2.42%
- Work from Home
-
12.07%
- Other
-
1.35%
The median travel time to work is 23 minutes.
People
- Population
- 114,079
- Median Age
- 36.70
- Median Household Size
- 2.66
Education
- High School
-
36.98%
- Associate’s Degree
-
6.83%
- Bachelor’s Degree
-
9.40%
- Graduate Degree
-
6.98%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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