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+16083611700
Real Estate Company
266 S Jackson Street, Janesville, WI 53548
- $850,000
Courtesy of EXP Realty, LLC. Pref: 608-838-1377
- List Price
- $850,000
- Status
- ACTIVE
- MLS#
- SCW-2034932
- Style
- Apartment Building
- Year Built
- 1900
- Lot Size
- 8,712
- Acres
- 0.20
Property Description
6 unit multifamily property in Janesville, extensively renovated down to the studs with all major capital expenditures updated throughout the building. Currently, 4 of the 6 units are occupied, generating approximately $4,400/month in rental income, with projected stabilized rents of $6,600 to $7,200/month. With the major capital improvements already completed, the opportunity for the next owner lies in improving occupancy, rental rates, and overall management efficiency rather than taking on costly renovations. Tenants pay their own heat and electricity, while ownership covers water, sewer, and trash. Additional features include two sets of coin washers and dryers in the basement and covered carport parking for all six units. An opportunity to acquire a substantially renovated multifamily property with existing income and considerable operational upside. Some photos AI edited.
Additional Information
- Taxes
- $5,966
- Property Description
- Apartment Building
- Exterior Features
- Vinyl
- Parking
- Outside
- Garage
- Carport
- School District
- Janesville
- Elementary School
- Wilson
- Middle School
- Franklin
- High School
- Parker
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