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Adrienne Sella

adrienne@sellarealty.com +1(608) 886-7139

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

$850,000

Est. payment - /mo

8 Beds

4 Baths

4,230 SqFt

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Key Details

Property Type Multi-Family

Sub Type Apartment building

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,230 sqft

Price per Sqft $200

MLS Listing ID 2034932

Bedrooms 8

Full Baths 4

Year Built 1900

Annual Tax Amount $5,966

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Apartment building

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

Location

State WI

County Rock

Area Janesville - C

Zoning commer

Direction Take I-39 S/I-90 E to E Racine St in Janesville. Take exit 175 from I-39 S/I-90 E. Follow E Racine St to S Jackson St

Rooms

Basement Full, Poured concrete foundatn, Other foundation

Interior

Heating Other

Inclusions 6 Refrigerator, 6 ovens, 1 washer, 1 dryer

Heat Source Natural Gas

Exterior

Parking Features Carport, Outside

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl

Schools

Elementary Schools Wilson

Middle Schools Franklin

High Schools Parker

School District Janesville

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NEARBY SCHOOL & BUSINESS

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Adrienne Sella

+1(608) 886-7139

Realtor & Accredited Staging Professional License ID: 57092

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266 Jackson Street Janesville, WI 53548

Adrienne Sella

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOL & BUSINESS

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