$850,000

Multi Family In Janesville

  • 8 Beds
  • 4 Baths
  • 4,230 Sqft
  • 8,712 Sqft lot
  • Updated: October 21
  • Source: Wisconsin Real Estate Exchange (WIREX)  MLS#716798595706

About the Property

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 l
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.
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  • Property type

    Other

  • Year built

    1900

  • Price/sqft

    $200

Features

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266 S Jackson Street, Janesville, Wisconsin, United States View on Google Maps
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EXP Realty, LLC - MCFARLAND

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EXP Realty, LLC - MCFARLAND
Wisconsin, United States
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8
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2026
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EXP Realty, LLC - MCFARLAND
MCFARLAND, Wisconsin, United States
View agency profile
Last updated
October 21
First listed
October 21
Listing reference
716798595706
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