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Abby Landsness

hello@allthingsred.net +1(608) 729-9000

Listed by EXP Realty, LLC • Pref: 608-838-1377

$ 550,000

7 Beds

4 Baths

2,950 SqFt

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$ 550,000

Save Virtual Tour

7 Beds

4 Baths

2,950 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment building

Listing Status Active

Purchase Type For Rent

Square Footage 2,950 sqft

MLS Listing ID 2033692

Bedrooms 7

Full Baths 4

Year Built 1850

Annual Tax Amount $5,019

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Apartment building

Property Description

Turnkey 5-unit investment opportunity in Janesville with the heavy lifting already completed. Recently converted and approved by the City as a 5 unit property, the building has undergone a full operational reset. Ownership vacated the building, transitioned away from the previous management, completed turnovers and touch ups throughout every unit, and brought in a professional property management company to oversee operations moving forward. Major improvements include a newly installed sprinkler system, brand new landscaping, refreshed units, and significant attention to the overall condition and presentation of the property. Current rent roll is $4,400 per month, with a target of approximately $5,600 per month once the final unit is leased. 4/5 units leased. A strong opportunity for an investor looking to acquire a stabilized multifamily asset with additional income upside and without taking on an immediate renovation or management overhaul.

Location

State WI

County Rock

Area Janesville - C

Zoning Commercial

Direction US-151, Follow I-39 S\/I-90 E. continue on E Racine St. Drive to S Jackson St.

Rooms

Basement Full, Other foundation

Interior

Heating Forced air

Inclusions 5 Stoves, 5 Refrigerators, 1 Washer, 1 Dryer, 1 Dishwasher

Heat Source Natural Gas

Exterior

Parking Features 2 stall garage, Detached, Outside

Utilities Available Separate elec meters

Building

Water Municipal sewer, Municipal water

Structure Type Brick

Schools

Elementary Schools Wilson

Middle Schools Franklin

High Schools Parker

School District Janesville

Others

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NEARBY SCHOOLS & PROPERTIES

“I strive to exceed my client's expectations with the amount of value the 47 Bricks Team and I bring to the table."

+1(608) 729-9000

hello@allthingsred.net

4648 S Biltmore Ln, Madison, WI 53718, USA

170 S Jackson Street Janesville, WI 53548