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$ 550,000
Est. payment | /mo
0.28 Acres Lot
$ 550,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2033692
Year Built 1850
Annual Tax Amount $5,019
Tax Year 2025
Lot Size 0.280 Acres
Acres 0.28
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 approximately $4,400 per month, with a target of approximately $5,600 per month once the final unit is 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
Zoning Commercial
Rooms
Basement Full
Interior
Interior Features Fire Sprinklers
Heating Natural Gas
Cooling Forced Air
Inclusions 5 Stoves, 5 Refrigerators, 1 Washer, 1 Dryer, 1 Dishwasher
Exterior
Exterior Feature Brick
Parking Features 2 Car, Detached
Garage Spaces 2.0
Utilities Available Separate Electric Meters
Building
Dwelling Type Apartment Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Wilson
Middle Schools Franklin
High Schools Parker
School District Janesville
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Listed by EXP Realty, LLC