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Sona Olson

sona@therec.net +1(608) 770-1896

Listed by Apartment Cash Flow, Inc.

$ 650,000

4 Beds

4 Baths

3,200 SqFt

Save

$ 650,000

Save

4 Beds

4 Baths

3,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment building

Listing Status Active

Purchase Type For Rent

Square Footage 3,200 sqft

MLS Listing ID 2022089

Bedrooms 4

Full Baths 4

Year Built 1900

Annual Tax Amount $4,279

Tax Year 2025

Lot Size 3,310 Sqft

Acres 0.076

Property Sub-Type Apartment building

Property Description

7-unit mixed-use investment property in the heart of downtown Janesville. Four 1BD/1BA apartments and three street-level retail storefronts totaling 6,400 SF. Listed at $650,000 with a 7.14% current cap rate and 9.94% proforma cap rate. Two retail units leased through April 2027, one storefront delivered vacant at closing. Residential rents running significantly below market with strong value-add upside. 2025 property taxes just $4,280. Roof re-siliconed within past five years. Full offering memorandum available.

Location

State WI

County Rock

Area Janesville - C

Zoning B-5

Direction From I-90/39, take Exit 171B toward Janesville. Head west on W Milwaukee St. Property is located on the right between S Jackson St and S Parker Dr in

Rooms

Basement Full, Unfinished

Interior

Heating Other

Heat Source Other

Exterior

Parking Features Outside

Building

Water Municipal water

Structure Type Brick/Stone

Schools

Elementary Schools Wilson

Middle Schools Franklin

High Schools Parker

School District Janesville

Nearby School & Business

+1(608) 770-1896

sona@therec.net

2005 W Beltline Hwy, Suite 103, Madison

309-313 W Milwaukee Street Janesville, WI 53548-3642