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Listed by Max Fiascone • Apartment Cash Flow, Inc.
$ 650,000
Est. payment /mo
Pending
309-313 W Milwaukee Street Janesville, WI 53548
4 Beds
3,310 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Municipality JANESVILLE
MLS Listing ID 2022089
Bedrooms 4
Year Built 1900
Annual Tax Amount $4,279
Tax Year 2025
Lot Size 3,310 Sqft
Acres 0.076
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
Zoning B-5
Rooms
Basement Full
Interior
Heating Other
Cooling Other
Building
Dwelling Type Apartment Building
Sewer Municipal Water
New Construction N
Schools
Elementary Schools Wilson
Middle Schools Franklin
High Schools Parker
School District Janesville
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