242 Madison Street Waterbury, CT 06706
Multi-Family (2-4 Units)
MLS #: 24071722
Courtesy Of eXp Realty of CT, LLC
$324,900
6 beds
|
6 baths
|
1,880 sq ft
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Estimated monthly payments:
$1,420/mo.* (recalculate)
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Cooling System: None
- Heating System: Hot Water
- Lot Size: 0.14 Acres
- Roof Type: Asphalt
- Rooms: Basement
MAP & DIRECTIONS
School Information
242 Madison Street, Waterbury, CT 06706
Elementary School
Grades KG-5 |
Public School
HOPEVILLE ELEMENTARY SCHOOL
Waterbury, CT 06706
2 Cypress St
203.574.8173
Distance: 0.4 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
325
Elementary School
Grades KG-5 |
Public School
WASHINGTON ELEMENTARY SCHOOL
Waterbury, CT 06706
685 Baldwin St
203.574.8177
Distance: 0.5 mi
School Rating
C
Student:Teacher Ratio
13:1
Total Students
286
Middle School
Grades 6-8 |
Public School
WEST SIDE MIDDLE SCHOOL
Waterbury, CT 06708
483 Chase Pkwy
203.574.8120
Distance: 1.9 mi
School Rating
D+
Student:Teacher Ratio
12:1
Total Students
935
High School
Grades 9-12 |
Public School
CROSBY HIGH SCHOOL
Waterbury, CT 06705
300 Pierpont Rd
203.574.8061
Distance: 2.9 mi
School Rating
F
Student:Teacher Ratio
13:1
Total Students
1217
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Wendell Cross Elementary School | 0.9 mi | Public | KG-5 | D+ |
| John C. Gilmartin Elementary School | 0.9 mi | Public | KG-8 | D |
| Maloney Interdistrict Magnet School | 1.0 mi | Public | PK-5 | C- |
| Duggan Prek-8 School | 1.1 mi | Public | KG-8 | D+ |
| Children's Community School | 1.1 mi | Private | PK-8 | |
| B. W. Tinker Elementary School | 1.2 mi | Public | KG-5 | D |
| Waterbury Arts Magnet School (middle) | 1.3 mi | Public | 6-8 | |
| Waterbury Arts Magnet School (high) | 1.3 mi | Public | 9-12 | B |
| Woodrow Wilson Elementary School | 1.3 mi | Public | KG-5 | F |
| Impact Christian Academy | 1.4 mi | Private | KG-5 | |
| Walsh Elementary School | 1.4 mi | Public | KG-5 | D |
| Waterbury Career Academy | 1.4 mi | Public | 9-12 | C |
| Chase Elementary School | 1.5 mi | Public | KG-5 | D |
| Alpha & Omega Christian Academy | 1.6 mi | Private | 1-11 | |
| Kennedy High School | 1.6 mi | Public | 9-12 | D |
| Yeshiva K'tana Of Waterbury | 1.8 mi | Private | PK-8 | |
| Bais Yaakov Of Waterbury High School | 1.9 mi | Private | 9-12 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Waterbury, CT 06706
| Median Age: | 34.7 |
|---|---|
| Married: | 37% |
| Number of Households: | 6,198 |
| Households with Children: | 34.4% |
Waterbury, CT 06706
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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