242 Madison Street
$329,000
6
3
1,880
1,880
$175
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,...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.
- Listed by Mark Mermelstein • eXp RealtyP: (347)-634-2123 C: (347)-634-2123 mmerms@gmail.com
Property Details for 242 Madison Street
Basement Description
Full
Direct WaterfrontNo
NeighborhoodN/A
StyleColonial
Garage Parking InfoNone
Swimming PoolNo
LISTING UPDATED: 09/19/2024 01:09 AM
Property Details for 242 Madison Street
Status | Active |
---|---|
MLS # | 24045623 |
Days on Market | 63 |
Taxes | $5,056 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential |
Year Built | 1888 |
Lot Size | 0.14 AC / 6,098 SF |
County | New Haven County |
Building Information for 242 Madison Street
Stories-Year Built1888Building Size-Lot Size0.14 AC / 6,098 SF
Property Information for 242 Madison Street
Property History for 242 Madison Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 242 Madison Street
Taxable ValueLand$15,750Additions$86,520Total$102,270
Tax Record2024$5,056 ($421 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,880 SqFtAbove Grade Finished SqFt1,880 SqFtUnfinished Basement SqFt390 SqFtStories2Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1888Year Renovated1965ZoningRLCountyNEW HAVENAPNWBRY M:0439 B:0493 L:0129
Schools near 242 Madison Street
This home is within Waterbury School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Washington School PublicPK to 5 | ||
West Side Middle School Public6 to 8 | ||
Crosby High School Public9 to 12 | ||
Maloney Interdistrict Magnet School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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